Corn prices rise again in the international market
Motivated by the rise in the price of oil and derivatives, corn has again gained strength in the international market. According to T&F Consultoria Agroeconômica, the current scenario was the use of corn in ethanol production, directly influenced by price fluctuations recorded by other fuels.
The oil barrel reached US$ 106.33/barrel last Tuesday, compared to US$ 30 in the same period last year. With this, an increase in global demand for corn is expected, which is low due to the drought in South America and the export difficulties faced by Ukraine in light of the conflict with Russia.
"In Brazil, prices should reflect this reduction in supply, due to the drop in the summer harvest. But, most likely, the winter harvest could also be compromised, if the supply of fertilizers is not adequate, since Russia and Belarus are suppliers of over 20% of what we need", the advisory comments.
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