Brazil: Soybean and corn prices continue to fall, says Ipea
Soybean
Maize (Corn)
Wheat
Brazil
Published May 4, 2023
Original content
The expectation of a record production of various commodities in the 22/23 harvest and the forecast for growth of 11.6% in agribusiness GDP this year places Brazil as one of the main players in the international market. This factor is reinforced by the note 'Agricultural Prices and Markets', released this Tuesday (2) by the Institute of Applied Economic Research (Ipea). The study also points to a downward movement in the domestic and international prices of some of the main products, such as soy, corn and wheat in the first quarter of this year. According to the Institute's Economic Growth and Development coordinator, José Ronaldo Souza Júnior, soybeans are now being traded at the lowest level since 2020, even with a possible lower offer due to crop failure in Argentina and Uruguay. However, the grain supply is not threatened. “That's because Brazil, which is the largest producer and exporter of the grain, is having a very expressive growth, a record harvest. There are also good ...
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