Corn prices remain firm in most regions monitored by Cepea, although the intensity of the increases was less in the last week.<\/p>\n
According to the Research Center, Brazilian buyers remain active, but are having difficulty acquiring new lots, given that they are faced with low availability and higher prices requested by sellers.<\/p>\n
These agents, in turn, limit the supply of cereal on the spot, waiting for new appreciations, based on uncertainties regarding the second harvest, which, for now, has a sowing rate below that of the last season.<\/p>\n
In an attempt to reduce prices, the Brazilian government announced that it will remove the import tax on corn in the coming days. It is worth noting that, in the 2023\/24 harvest, 1.7 million tons were imported, representing only 1.4% of the supply (result of the sum of initial stocks, production and imports, according to Conab data).<\/p>\n<\/p><\/div>\n