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Cepea, May 6, 2024 – After moving up over the last four crops, rising more than 70% between 2019 and 2023, the area planted with wheat may decrease this year. Cepea researchers say that lower price levels, weather uncertainties and high costs explain the possible area decrease.
Conab estimates a 4.7% decrease of the area in relation to the previous season, pressed by the reduction of 7% in the South; as for the Southeast and the Central-West, Conab projects increases.
Seab/Deral, in turn, forecasts a 19% decrease of the wheat area in Paraná, to 1.14 million hectares. In spite of that, the production is expected to move up 4% in the same comparison, at 3.8 million tons in the state, because of the higher productivity.
DOMESTIC MARKET – In April, the monthly average of wheat prices in Paraná was BRL 1,264.74 per ton, 1.9% more than in March/24, but downing 20.7% compared to April/23, in nominal terms. In Rio Grande do Sul, the average was BRL 1,196.12/ton, rising 1.9% in one month, but moving down 15.5% in one year. In São Paulo, prices averaged BRL 1.304.92/ton, +6.7% and -23.7% in the same comparisons.
EXPORTS – According to data from Secex, Brazil imported 329.76 thousand tons of wheat up to the third week of April, below the 312.71 thousand tons registered in April last year. Exports totaled 382.8 thousand tons, against 280.65 thousand tons in the same month of 2023.
(Cepea-Brazil)
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Fonte: Cepea