Area
Brazil
Commodity Group
Grains
Commodity
Wheat
Date
04/04/2018
Policy Category
Consumption and marketing
Policy Instrument
Government procurement
Description
Approved the new minimum prices of all wheat types and wheat seeds for the 2018/19 season. The reference price of bread-type wheat was set at BRL 36.17 per 60 kg bag (USD 177.74 per tonne), down nearly 3 percent from BRL 37.26 (USD 183.10 per tonne) last year in the South Region. The same decline rate was applied to all other types of wheat and regions of the country. Prices of wheat seeds went from BRL 1.48 per kg (USD 436.4 per tonne)to BRL 1.44 per kg (USD 424.58 per tonne). Prices will be effective from 1 July to 30 June 2019.
