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Strong dollar and suspension of port activities in Argentina concern wheat purchasers

Cepea, April 2, 2020 – Wheat supply was low in the Brazilian market in March, and the US dollar appreciation against Real continued to discourage imports. The Brazilian purchasers that had closed deals with Argentinean suppliers were concerned about the delivery of the volumes acquired, since Argentina suspend port activities, due to the coronavirus outbreak worldwide.

 

BRAZIL – The Strong US dollar – which closed at 5
Fonte: CEPEA



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