Soybean, corn and cotton prices in Brazil rise 70% in 1H21
Commodities key to Brazilian exports registered strong increases in the first half of 2021 compared to the same period last year, according to a study by the Institute for Applied Economic Research (IPEA).
The price of soybean in the domestic market registered an increase of 78%, while corn and cotton prices rose 77% and 75%, respectively. In the international market, prices in U.S. dollar rose by 65.9% for soybean, 72.3% for corn and 38.1% for cotton.
“The higher prices for agricultural commodities in Brazil were due to a combination of factors, which include the drought, the sharp hikes in international prices and the weaker local currency,” said the director of Macroeconomic Research and Policies at Ipea, José Ronaldo Castro de Souza Júnior.
Mais Notícias de "Agricultura"
- Company’s net income in first quarter reaches R$228.9 million
- SLC Agrícola has an outstanding participation in South Summit Brazil 2024
- Pamplona Farm (GO) receives delegation from the Brazilian Cotton School course
Veja Também
- We are featured in Export RS Award
- Farm Day 2024 brings together the Board of Directors, shareholders, and analysts at Pamplona Farm
- We are featured in the Best in ESG Awards
- 2023 Integrated Report highlights innovation, sustainability and positive social impact
- Rise in ISE B3 ranking underscores our commitment to sustainability
Últimas notícias
- We are featured in Export RS Award
- We are featured in the ranking of Institutional Investor magazine
- We are a certified mental health company
- Farm Day 2024 brings together the Board of Directors, shareholders, and analysts at Pamplona Farm
- Another achievement of the GPTW Agro Award!
- We are featured in the Best in ESG Awards
