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Lack of sellers in the market push up quotes in Brazil in October

Cepea, November 5, 2020 – Wheat grain prices ended October on the rise in Brazil, boosted by the absence of sellers in the market, the interest of purchasers in closing deals and the strong dollar, which makes imports more expensive, favoring the national product. Agents from processors made sporadic purchases and many of them claimed difficulties to pass on wheat valuations to by-products (wheat flour and bran).

 

In October, wheat prices averaged 1,286
Fonte: CEPEA



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