Input prices and sales for the 2020/21 campaign
Companies have advanced in purchases more strongly than other years, some even reaching practically 100% of purchases in advance. The inputs, in this sense, were presented as an alternative to safeguarding value.
We just enter the months with the highest import volume, which will define the final prices for the thick season.
Regarding international markets with the reactivation of world trade in the last 50 days, there has been a gradual rise in prices.
This recomposition is based on: China setting minimum values, turning to supply the domestic market for lack of prices. The advance of planting in the northern hemisphere, the reactivation of demand, and the recomposition of oil prices.
Today, the reestablishment of grain prices accompanies the inputs. It is advisable to look at prices from a perspective relative to the company and the market, thus allowing uncertainty to be cut in a 2020/21 campaign that is just beginning.
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WBL Shipping Agency