Wheat production is expected to be the lowest since 2020.

According to the analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), referring to the week of October 3 to 9 and published this Thursday (9), wheat prices continue on a downward trajectory. The main markets in Rio Grande do Sul registered average values of R$ 64.00 per sack, while in Paraná the prices varied between R$ 64.00 and R$ 66.00. The harvest in Paraná reached 60% of the sown area this week. In Rio Grande do Sul, there are still no consolidated statistics, although, at the beginning of the month, about 10% of the crops were in the maturation phase. The scenario is influenced by the entry of cheaper Argentine wheat, which, coupled with currency appreciation, has led Brazilian sellers to reduce the prices of the national product again to maintain competitiveness. According to data from the Foreign Trade Secretariat (Secex), Brazil imported 568,980 tons of wheat in September. Of this total, 87.3% came from Argentina, 7% from ...