Wheat: low stocks and higher export parity sustain prices

Wheat prices in the Brazilian market remain strong, currently operating above levels seen in the same period last year.

According to researchers at Cepea, this firmness is due to low domestic stocks, particularly a higher quality wheat, and an increase in import parity. Additionally, the area sown for the new crop is expected to be smaller than last season, making supply more dependent on weather conditions and their impact on productivity.

Cepea’s research indicates that producers are currently focused on cultural treatments for already established crops and ongoing sowing activities, especially in Rio Grande do Sul, where the planting season started relatively late this year.

Source: Canal Rural

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