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Cepea, April 3, 2024 – Domestic prices of wheat were practically stable in March, but the monthly price average was slightly below that verified in February/24 and much lower compared to that registered a year ago. In general, the pace of trades continues slow in the domestic market, since producers are focused on the summer crop, while purchasers search for high-quality wheat – the supply of this product is low.
Therefore, the monthly price average in Paraná was BRL 1,241.66/ton in March, downing 0.7% in relation to February and 24% compared to March/23, in nominal terms. In Rio Grande do Sul, the average was at BRL 1,173.65/ton, decreases of 1.3% and 19.4% in the monthly and annual comparisons, respectively. In São Paulo, the price dropped 0.4% and 30.6%, in the same order, averaging BRL 1,222.99/ton. In Santa Catarina, the average (BRL 1,394.80/ton) rose 1.6% comparing February and March, but moved down 12.6% in one year.
CROPS – According to Seab/Deral, the área in Paraná may be 17% smaller in this crop compared to the previous, totaling 1.17 million hectares. Production, in turn, is likely to increase 8% in the same comparison, reaching 3.9 million tons, due to the recovery in productivity.
According to data from Secex, Brazil had imported 436.23 thousand tons of wheat up to the fourth week of March, against 429.24 thousand tons in the entire month of March/23. Exports, in turn, had amounted 660.40 thousand tons in the same period, against 607.94 thousand tons in March last year.
(Cepea-Brazil)
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Fonte: Cepea