News

Wheat: Dollar retreat pressures values in Brazil

Wheat
Wheat Flour
Wheat Bran
Brazil
Published Apr 6, 2022

Tridge summary

According to information from Cepea, the pressure comes from the continuous devaluation of the dollar, which puts pressure on import parity. Between March 28 and April 4, the dollar dropped 3.3% against the Real, closing at R$ 4.612 on Monday, 4th. Producers were even further away from the national spot market, starting to focus on the cultivation of new season and, in some cases, in the sale of products from the summer crop, a scenario that reduced liquidity.

Original content

Last week, the prices of flour continued to rise, due to the high cost of raw materials and the fact that some mills have already signaled a forecast of new positive adjustments in April. In the case of bran, passing on costs and doing ...
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