2023-07-31 22:25:33
© Reuters. Producer uses machine to harvest corn in Maringá 7/13/2022 REUTERS/Rodolfo Buhrer
By Ana Mano and Marta Nogueira
SAO PAULO (Reuters) – Road freight prices rose moderately at the peak of Brazil’s grain season as a result of slow selling by farmers and delays in harvesting in Mato Grosso, showed data compiled by the Argus agency.
Brazil is shipping its second crop of and continues to export the crop harvested in the first quarter, which usually increases the value of truck freight at this time of year.
Brazilian producers have sold about 66% of their 2023 soy crop through July 7, about 8 percentage points lower than last season, according to consultancy Safras & Mercado.
For the second corn crop, around 34% was sold, representing a decrease of more than 4 percentage points from last year, Safras said.
Average road freight on the Sorriso-Miritituba route reached 300 reais per tonne in early July, compared with 373 reais per tonne in the same period of 2022, Argus said.
The value of the Sinop-Miritituba stretch was BRL 288/t, compared to BRL 345/t in the same period last year, data from the commodity price reference provider showed.
Freight on routes to ports in the south and southeast of Brazil, especially Paranaguá and Santos, are at similar or slightly higher levels than last season, Argus said.
On southern routes, there are fewer trucks available to transport grain, meaning freight rates could still rise, he added.
In early July, freight on the Rondonópolis-Santos route was at BRL 415/t, the same as in 2022. The Rondonópolis-Paranaguá price reached BRL 415/t, up from BRL 410/t in July 2022, data showed from Argus.
(Reporting by Ana Mano and Marta Nogueira)
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