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1 million US dollars, setting a record
for the same period in nearly five years.
Paraguayan La País reported on November 25 that BCP data showed that wheat exports increased by about 30%, or $22.
1 million
, from a year earlier ($73 million) to the same period last year.
The increase in wheat exports was mainly due to higher prices on the international market, with the Chicago Board of Trade price of wheat at $319.
55 per ton in October, up $6.
19 from $313.
36 in September
.
However, BCP estimates that wheat prices on the international market will fall next, with the market price of wheat expected to be $
312.
38 per tonne in December.
1 million
, from a year earlier ($73 million) to the same period last year.
The increase in wheat exports was mainly due to higher prices on the international market, with the Chicago Board of Trade price of wheat at $319.
55 per ton in October, up $6.
19 from $313.
36 in September
.
However, BCP estimates that wheat prices on the international market will fall next, with the market price of wheat expected to be $
312.
38 per tonne in December.
In terms of export volume, from January to October this year, Paraguay exported about 277,700 tons of wheat, down 0.
9%
from nearly 280,300 tons in the same period last year.
9%
from nearly 280,300 tons in the same period last year.
Enrique Arrúa, director of the Paraguayan Millers' Association (Capamol), said that although wheat yields have been higher in recent months, repeated precipitation has affected the quality of wheat, resulting in a shortage of raw materials available for milling; In addition, the price of wheat has increased significantly, which has had a serious impact
on the milling industry.
on the milling industry.
