Brazil: Wheat price paid to producers drops 29.5% year-to-date

Published 2023년 12월 28일

Tridge summary

The price of wheat paid to producers in Brazil fell significantly this year compared to last year, with average values dropping in multiple states. The drop in production and the increased demand from mills led to higher wheat prices in the last two months of 2023, but overall production for the 2023/24 harvest is expected to be significantly lower. The average price of wheat flour and bran also fell this year due to the devaluation of wheat and low purchasing interest.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Isadora Duarte Brasília, 12/27/2023 - The price of wheat paid to producers fell 29.5% this year compared to last year, reveals a survey by the Center for Advanced Studies in Applied Economics (Cepea/Esalq). According to Cepea, in the batch market, in one year the average value of wheat fell 28.2% in Rio Grande do Sul, 23.1% in Santa Catarina, 26.5% in Paraná and 24.3% in São Paulo . According to Cepea, in São Paulo, the monthly average for September was the lowest since October 2017 in real terms. In October, in Rio Grande do Sul, the monthly average was the lowest since November 2019. In Santa Catarina, the monthly average in October was the lowest since November 2018. In Paraná, it was the lowest since October 2017 "At the beginning of 2023, domestic wheat availability was high, due to record production in 2022 (according to Conab, 10.55 million tons of the cereal were harvested in Brazil). The national supply compensated for the drop in wheat availability Argentine, an ...

Source: Broadcast