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Cepea, March 4, 2024 – Although many agents from wheat mills claim to have stocks, purchasers who are willing to trade were searching for high-quality wheat in late February. However, the supply of this product was low in the period, due to problems in the crops caused by unfavorable weather conditions. Therefore, agents were purchasing wheat from the international market, especially from Mercosur countries.
Data from Secex indicate that, up to the third week of February, Brazilian wheat imports had totaled 383.95 thousand tons, more than the 291.63 thousand tons verified in February last year. Exports, in turn, amounted only 56.09 thousand tons, against 533.42 thousand tons in the same period of 2023.
Sellers, in turn, were focused on planning the new season. Productivity losses verified in previous years and the fact that, in late February, domestic prices were at the lowest levels since 2020 may discourage wheat sowing activities.
(Cepea-Brazil)
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Fonte: Cepea