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Cepea, February 5, 2024 – Brazilian producers continue focused on the summer crop harvest and on the planting of the second crop, especially corn. Liquidity for wheat, in turn, is low, and wheat mills are unwilling to close deals involving large amounts. In Argentina, Bolsa de Cereales indicates that the harvest has finished, with the production estimated at 15.1 million tons, against 12.2 million tons in the last season, which can increase the surplus to export and favor Brazilian purchases.
Based on data from Conab (Brazil’s National Company for Food Supply), between January 15 and 19, the import parity price for the wheat from Argentina delivered to Paraná state was at USD 253.90/ton. Considering the average of the US dollar in that period, at BRL 4.9149, the wheat imported was sold at BRL 1,247.90/ton, while for the Brazilian wheat traded in Paraná, the average was at BRL 1,244.65/ton, according to data from Cepea. In Rio Grande do Sul, the price of the product from Argentina closed at USD 237.44/ton, which accounts for BRL 1,167.01/ton – against BRL 1,214.93/ton on the average of the state calculated by Cepea.
According to data from Secex, Brazil had imported 323.91 thousand tons of wheat up to the third week of January, against 439.98 thousand tons in the entire month of January/23. Exports, in turn, had amounted 481.35 thousand tons in the same period, against 561.52 thousand tons in January last year.
(Cepea-Brazil)
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Fonte: Cepea