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Cepea, July 2, 2024 – In the offseason period and due to the consequent low wheat supply, especially the high-quality product, quotations remained increasing in June. The US dollar valuation against Real also sustained prices in Brazil, since imports become more expensive.
The pace of trades, in turn, was slow in June. Producers were focused on the planting of the next season, and sellers who were operating in the spot market asked for higher values. As for the demand, many players from mills claimed to have stocks and they did not need to purchase large amounts.
According to data from Cepea, between June 21 and 28, the prices paid to wheat farmers (over-the-counter market) moved up 0.06% in Rio Grande do Sul and 0.95% in Santa Catarina. In Paraná, on the other hand, values dropped 0.12% In the wholesale market (deals between processors), quotations downed 0.69% in São Paulo and remained stable in Santa Catarina. In Paraná, prices rose 2.78% and 1.49% in Rio Grande do Sul. Dollar quotations increased 2.63% against Real in the same period, at BRL 5.588 on June 28.
In June, the monthly average of wheat prices in Paraná was BRL 1,516.78 per ton, 9% more than in May/24 and 7% above that in June/23, in real terms (IGP-DI). In Rio Grande do Sul, the average was BRL 1,422.08/ton, 10.9% up in one month and +10.2% in one year. In São Paulo, prices averaged BRL 1.626.38/ton, +8.2% and +9.2% in the same comparisons.
CROPS – In Paraná, data from Seab/Deral indicate that the area changed from 1.12 million hectares to 1.15 million hectares – some producers were encouraged by higher prices. Up to June 27, the planting had reached 94% of the total. The productivity is expected at 3,300 kilos per hectare in Paraná, which would result in an output of 3.8 million tons.
In Rio Grande do Sul, Emater says that the 2024 production is estimated at 4.068 million tons, 55% more than in 2023 (2.62 million tons). Productivity may total 3,100 kg/ha, 77.05% more than the crop before (1.751 kg/ha). The area can reduce 13%, to 1.312 million hectares.
(Cepea-Brazil)
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Fonte: Cepea