Wheat price rises in the Brazilian market in January

Wheat prices are on the rise this month in the Brazilian market. The indicators from the Center for Advanced Studies in Applied Economics (Cepea), based in Paraná and Rio Grande do Sul, point to accumulated valuations of almost 2%, with reference prices in the region of R$ 1.6 thousand per ton. READ ALSO: Wheat price should maintain an upward trend Wheat is valued in the Brazilian market (Photo: Collection/Ed. Globo) According to the researchers, the prices of cereal on the available market in São Paulo are the highest since May 2020. In other regions, the values have been the highest since April 2021. Market agents highlight that liquidity has been lower , but there are already signs of recovery in demand for derivatives, such as wheat bran. "Demand for this derivative has increased, due to the drought in the south of the country - which impairs the quality of pastures - and the high price of corn, a substitute for feed", says Cepea, in a note released this week. In the midst of ...