Corn prices rise almost 18% at ports in March

Prices are driven by greater international demand and increases in external prices, which have been partially passed on to the domestic market

21.03.2022 | 14:59 (UTC -3)
Cepea
Prices are driven by greater international demand and increases in external prices, which have been partially passed on to the domestic market. - Photo: CNA
Prices are driven by greater international demand and increases in external prices, which have been partially passed on to the domestic market. - Photo: CNA

Corn prices at the port of Paranaguá (PR) have been increasing significantly this month, driven by greater international demand and increases in external prices, which have been partially passed on to the domestic market.

In the accumulated result for this month (between February 25th and March 18th), corn traded in Paranaguá appreciated by a strong 17,4%. According to Cepea researchers, the greater external demand is due to the conflict between Russia and Ukraine, which are among the world's five largest exporters of the cereal. Furthermore, the Argentine government is signaling a reduction in export volume, aiming to preserve domestic supply.

However, in the first 10 days of March, Brazilian corn exports were slow, but in the week starting on the 14th, buyers were more active in the port of Paranaguá, with deals being carried out at prices above those practiced in the interior of the country.

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