Agricultural prices continue to fall in the field and in retail – 05/25/2023 – Vaivém
The prices of agricultural products continue to fall in the countryside and have reached the lowest nominal values since 2020. This has allowed a decrease in the cost of food on the consumer’s table.
A bag of corn is being traded at R$ 54.5 in the region of Campinas (SP), a decrease of 17% just this month. In the same period last year, negotiations revolved around R$ 87 per bag.
According to Cepea (Center for Advanced Studies in Applied Economics), current prices are the lowest since August 2020. In May 2021, a bag was at R$ 102.
With the fall of prices in the field, the flours fall in retail. This year, according to data this Thursday (25th) from Fipe (Fundação Instituto de Pesquisas Econômicas), corn flour accumulates a drop of 6.5% in the year, and cornmeal, 4%.
Soy also has the lowest prices in the field since August 2020. The bag is being traded at R$ 128.6 in Paraná, a value well below the R$ 188 of a year ago.
The oilseed slowdown allows for a sharp drop in the price of soybean oil, which has accumulated a 10% drop this year and 22% in the last 12 months at retail. With the increase in exports, soybean oil had risen a lot in recent years.
The ox is also going through a strong retraction of the prices in the pasture. The arroba fell to R$ 255 in the São Paulo market, a 5% decline this month alone. The current value of the arroba, which reached BRL 350 in March 2022, has dropped to the lowest level since October 2021, one of the periods of the embargo of Brazilian meat by China.
Livestock prices fall in the countryside due to the greater supply of animals for slaughter and less interest from slaughterhouses in purchases. The end of the rainy season also interferes in this market, which will leave the pastures with less quality for cattle feeding.
This Thursday’s data from Fipe also point to a decline for retail. After the 0.3% decrease in the last 30 days, the average value of beef had a 4% decrease for the consumer this year. Among the main falls are acém, rump and picanha.
Chicken and pork meat also decreased in the accumulated result for the year. Pork, however, due to the recovery of exports, rose again this month.
Milk and rice, however, still weigh on the consumer’s pocket. Milk, with the lowest offer in the field, accumulates high of 11% in the year in retail. Rice, even with the harvest period just ended, accumulates an increase of 4.6% in supermarkets.
external signs In April, the total production of red meat in the United States fell 8%, compared to the same period in 2022. In the year, the retraction is 2%.
External signs 2 Bovine slaughter in the month dropped to 2.54 million head, a 10% drop compared to 2022. The North Americans are competitors of the Brazilians in the foreign market.
External signs 3 The data are from the USDA (United States Department of Agriculture), which also recorded a 4% retraction in the supply of pork in April.
Sugar World production for 2023/24 should reach a record 188 million tons, according to estimates made by the USDA this Thursday (25). There are 10.6 million more than the previous one.
sugar 2 The US agency also forecasts record world consumption, which could reach 180 million tons due to greater demand from India and Pakistan.
sugar 3 World trade will be 72 million tons, with larger shares from Brazil, India and Thailand. World stocks, which ended 2022/23 at 39.5 million tons, fell to 33.45 million in the 2023/24 harvest.
Brazil In the assessment of the USDA, Brazilian production will reach 42 million tons, with export potential of 32.4 million. India produces 36 million. In November, the US government agency will make a new assessment of the market.
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