Corn costs proceed to upward push in many of the areas monitored by means of Cepea. Just about R$70 in line with 60 kg bag, the ESALQ/BM&FBovespa Indicator (Campinas – SP) collected an building up of 9% in December (as of the 14th).
Consistent with Cepea researchers, the sturdy retraction of dealers, who’re nonetheless nervous concerning the climate and the imaginable affects on provide within the coming months, has saved the tempo of commercial gradual within the nationwide spot.
At the call for facet, customers are appearing a want to fill up shares, particularly for the top of the yr, whilst exports are sturdy.
To this point, Conab estimates that the realm allotted to the cereal for the 2023/24 summer time harvest can be 9% smaller than that of 2022/23, leading to a manufacturing of 25.31 million lots, which in flip can be 7.5% not up to the former season.
December 18, 2023/ CEPEA/ Brazil.
https://www.cepea.esalq.usp.br