Corn prices recover in Brazil
Corn prices have recovered in Brazil after a downward pressure. The reason for this recovery is that farmers have retained the grains by the end of the harvest, according to Porto Alegre consultancy Safras & Mercado. The consultancy revealed in a press release that recently most consumers were buying just to attend to the most immediate needs.
“With lower stocks, consumption would tend to grow and push prices up again in the coming days,” reads the analysis.