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With food prices falling, FFernando Villamil, Director of Hajnal & Cia, In an interview with Valor Agrícola, he highlighted some positive developments that have occurred in the market. “These days are very positive for the market, in the context of the price drop we have been experiencing”, Villamil commented and stressed that the change in price trends cannot yet be confirmed, but some recent aspects are encouraging.
Villamil explained that the recent decline in prices for all grains, such as soybeans, corn and wheat, is mainly due to the global supply and demand balance. “We are in an important harvest period around the world, both in the northern and southern hemisphere, and this is one of the main factors for the decline in prices,” he said. However, in the midst of all this, news of increased grain sales, especially in
The United States, providing the market with a respite. “Increased U.S. soybean and wheat sales are good news as they reduce agricultural exports and help prices firm,” he said.
The Hajnal & Cia director also mentioned that changes in demand could drive a rebound in purchases. “The market seems to find current price levels attractive, which is an auspicious sign,” he said. In addition, he highlighted that adjustments to European harvest estimates, especially for wheat, helped stabilize prices. “Europe has revised down its production estimates from 4 to 5 million tonnes, which also had an impact on firming prices,” he explained.
As for armyVillamil stressed that prices were supported by large purchases from China and firm oil prices. “While we cannot yet confirm an upward trend, we are in a slightly better situation,” he said, warning that the harvest in the southern hemisphere was still to be determined.
about wheat, The picture seems a little different. “Local wheat prices have been falling and are practically set,” Villamil said. However, he insisted that, despite the expectation of a small surplus in the next harvest, “no significant recovery in prices is expected in the short term”. Villamil did not rule out the possibility that the situation could change in March or April, when the regional and global harvest balances will be determined. “A lot remains to be determined, but this news is encouraging and could mark the beginning of a price recovery,” he concluded.
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