Cepea, 10/03/2025 – Corn prices remain firm in most of the regions tracked by Cepea, although the pace of gains was smaller over the past week. According to the Center, Brazilian buyers remain active but face difficulty acquiring new lots, running into low availability and higher prices asked by sellers. Sellers, in turn, are limiting cereal supply in the spot market, waiting for further gains, based on uncertainties surrounding the second crop, which, for now, shows a planting pace below that of last season. In an attempt to bring down prices, the Brazilian government announced it will remove the corn import tariff in the coming days. It is worth noting that, in the 2023/24 crop, 1,7 million tonnes were imported, representing just 1,4% of supply (the sum of initial stocks, output and imports, according to Conab data). Source: Cepea (www.cepea.esalq.usp.br)