Heated demand keeps corn prices high

Driven by heated demand and restricted supply in the national spot, corn prices continue to rise in most regions monitored by Cepea. Despite the advance of the summer crop harvest, buyers report difficulties in doing business.

According to Cepea researchers, many producers, even in the face of record prices, only sell small quantities – these agents report having no problems with storage. Sellers are expecting even higher values, based on the low availability of the cereal in the spot, uncertainties regarding the supply of corn from the second harvest and the appreciated dollar.

Last week, the ESALQ/BM&FBovespa Indicator, referring to the region of Campinas (SP), renewed the real daily record of the Cepea historical series, closing, on Wednesday, March 17, at R$ 93,44/sc of 60 kg (the series was deflated by the IGP-DI of February/21).