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World commodity prices: Corn and rice prices make the difference

05/04/2022
Categories: Raw materials

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In December 2021, the international context was marked by the general drop in prices, except for corn and rice. Cotton, sugar and wheat prices also fell compared to the previous month.

According to the National Statistics and Demography Agency (Ansd), the price of crude oil fell by 8.1% monthly. The price of wheat followed the same trend, standing at 824.6 US cents / 60lb wood in November, down 0.6% month-on-month. Regarding sugar, the price is down 2.5% in monthly variation. For cotton, the price fell from 126.5 US cents/lb in November to 119.9 US cents/lb in December, a monthly decline of 5.2%.

Rice recorded a rise of 1.5% in monthly variation. For corn, the price rose from 570.9 US cents / Bushel in November to 592.1 US cents / Bushel the following month, a monthly increase of 3.7%.

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