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Cepea, May 16, 2024 – It is the offseason period for wheat in Rio Grande do Sul and players from wheat mills were concerned with floods in parts of the state in early May. The delivery of new batches has been affected by the fact that roads and bridges were destroyed. This scenario, in turn, boosted prices in Paraná and in São Paulo, since part of the demand was allocated to these states.
Sowing activities may start this month in Rio Grande do Sul. Although the soil is soggy, the largest wheat area is in the northwest of the state, which has been less affected by rains. In this scenario, trades were moving at a slow pace in RS.
In Paraná, according to Seab/Deral, sowing activities reached 27% of the area, forecast at 1.14 million hectares.
BYPRODUCTS – According to data from Abitrigo, the volume of wheat processed rose 2% in 2023 against the year before, totaling 12.81 million tons.
USDA – Data released by the USDA on May 10 indicate that the global production is likely to hit 798.18 million tons in the 2024/25 season, for an increase of 1.3% compared to the previous (2023/24). As for Brazil, the USDA estimates output of 9.5 million tons, 17% higher than the crop before (8.1 million tons).
EXPORTS – According to data from Secex, Brazil imported 454.29 thousand tons of wheat in April, 45.3% higher than the 312.71 thousand tons registered in April last year. Exports totaled 369.55 thousand tons, against 280.65 thousand tons in the same month of 2023.
(Cepea-Brazil)
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Fonte: Cepea