X
XLinkedinWhatsAppTelegramTelegram
0
Read this article in:

Brazil: Corn prices up almost 10% in December

The strong retraction of sellers, who remain concerned about the weather and the possible impact on supply in the coming months, has kept the pace slow.

20 December 2023
X
XLinkedinWhatsAppTelegramTelegram
0

Corn prices continue to rise in most of the regions monitored by Cepea. Close to R$70 per 60 kg bag, the ESALQ/BM&FBovespa Indicator (Campinas - SP) accumulated an increase of 9% in December (as of the 14th).

According to Cepea researchers, the strong retraction of sellers, who are still worried about the weather and the possible impacts on supply in the coming months, has kept the pace of business slow in the national spot.

On the demand side, consumers are showing a need to replenish stocks, especially for the end of the year, while exports are strong.

So far, Conab estimates that the area allocated to the cereal for the 2023/24 summer harvest will be 9% smaller than that of 2022/23, resulting in a production of 25.31 million tons, which in turn would be 7.5% lower than the previous season.

December 18, 2023/ CEPEA/ Brazil.
https://www.cepea.esalq.usp.br

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list pig333.com in 3 minutes

Weekly newsletter with all the pig333.com updates

Log in and sign up on the list