Cepea, September 16, 2024 – In spite of the fact that prices of wheat to import are at high levels, acquisitions are increasing this year. This scenario is related to the low availability, especially of the high-quality cereal.
Data from Secex indicate that the volume of wheat imported by Brazil in 2024 (from January to August) totaled 4.556 million tons, the biggest amount for the period since 2020 and 9% above that registered in the entire year of 2023 (4.18 million tons).
In 12 months (from September/23 to August/24), imports totaled 5.97 million tons, the biggest volume for the period since August/22. In August/24 alone, imports amounted 545.46 thousand tons, almost the double of the volume purchased in August/23 (277.99 thousand tons).
CROPS – In early September, the weather remained affecting crops in Paraná, but it was relatively favorable in other areas in the South. In general, the harvesting continued to advance in Brazil, reaching 11.6% of the area in Brazil, according to data from Conab.
PRICES IN AUGUST – The monthly average of wheat prices in Paraná was BRL 1,538.62 per ton, downing 0.4% against July/24, but increasing 21.9% in relation to that in August/23, in real terms (IGP-DI). In Rio Grande do Sul, the average was BRL 1,429.85/ton, 2.6% down in one month and +11.5% in one year. In São Paulo, prices averaged BRL 1.592.46/ton, -0.3% and +24% in the same comparisons. As for Santa Catarina, the average was BRL 1,508.36/ton in August, for a decrease of 0.2% compared to July, but upping 9.4% against that in the same month last year.
(Cepea-Brazil)
