Commodities continue to climb

The prices of the main agricultural commodities exported by Brazil — in addition to wheat, which the country imports — remained at a high level in September on the international market and ended the third quarter of this year with strong valuations compared to the same period of 2020.

Persistent and with no signs of cooling, the rising prices continue to increases food costs in Brazil and worldwide and contribute to keeping inflation rates high — although they also inflate the gross value of rural production and agribusiness export earnings.

On the Chicago stock exchange, where basic grains for food and animal feed are traded, there were even lows — moderate — in September, but not enough to bring the price levels down from their current peaks. On this front, the main effects are felt in animal feed which is based on corn and soy, and in pasta, bread, and cakes made with wheat.

According to calculations by Valor Data based on second-crop futures contracts, corn closed September with an average value 4.5% lower than in August, but with gains of 20.9% compared to December and 42.4% compared to September of last year. The average price in the third quarter, 56.7% higher than that recorded between July and September 2020, reached the highest level for the interval since 2012.

Source: Valor Econômico

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https://valor.globo.com/agronegocios/noticia/2021/10/01/escalada-das-commodities-nao-da-tregua.ghtml

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