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Corn: Prices continue to rise in the Brazilian market

Corn prices continue to rise in Brazil, influenced by external price too high.

Corn: Prices continue to rise in the Brazilian market

Moreover, according to researchers from Cepea, the Brazilian market vendors continue retracted, especially trading for export and limiting the availability for domestic buyers. Between July 30 and August 6, the indicator ESALQ / BM & FBovespa (Campinas-SP) increased 1.67%, closing at R $ 33.42 / bag of 60 kg on Monday, considered 6. If the discount rate NPR also in the region of Campinas, the average spot price was R $ 32.81 / sc 60 kg in the second, an increase of 1.05% in the same period. As for the Brazilian corn exports rose sharply in July, anticipating the pace of shipments this year. The export volume and nominal prices were a record for the month of July. Typically, corn exports gain strength between August and September of each year, when the harvest of the second crop farming is moving towards the end and surplus are measured more clearly.

Source: Source: Cepea

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