Domestic corn prices have already fallen by R$ 2 per bag since the start of the impasse over the supply of two Iranian ships that are standing in the port of Paranaguá. The analysis was made this week by the president of the Brazilian Corn Producers Association (Abramilho), Glauber Silveira. “This situation may not have affected exports and marketing, but the producer has lost. Before we sold the bag for $ 23 and now we have values between $ 20 and $ 21. This is not a market rumor, it is the real thing. In any sign of tension, there is speculation and the buyer ends up flattening the price,” he says. Silveira also warns of possible impacts on the supply of fertilizers, as Iran sells the product to Brazil.
Source: Canal Rural