Corn market continues to drag in Brazil, with high freights limiting business

According to SAFRAS Consultoria, consumers even try to force new price reductions, but with little success, since producers continue to limit cereal sales. “With the high spread between buying and selling, especially in São Paulo and Paraná, the market remains well dragged”, point out SAFRAS analysts. The average price of a bag of corn in Brazil had a slight decrease, going from R$ 83.84 to R$ 83.51. In the market available to the producer, the price of corn in Cascavel, Paraná, was quoted at R$ 85.00, up 1.19% compared to the R$ 84.00 recorded last week, on the basis of sale. In Campinas/CIF, the quotation fell by 0.55% on a weekly basis, from R$91.00 to R$90.50 per bag. In the Mogiana region of São Paulo, the cereal was stable in the comparison at R$ 85.00 a bag. In Rondonópolis, Mato Grosso, the price remained at R$ 73.00 per bag. In Erechim, Rio Grande do Sul, the price on the weekly balance sheet remained at R$91.00 per bag at sale. In Uberlândia, Minas Gerais, the sale price ...