Brazillian institute, IPEA, analyses the prices for meat, sugar, coffee, soy, corn and wheat

Published 2021년 5월 3일

Tridge summary

The Institute of Applied Economic Research (Ipea) predicts that meat prices will remain stable during the first half of 2021 due to a lack of animals, high production costs, and strong exports. Beef prices are expected to remain high due to a decrease in slaughter volumes, while chicken and pork prices may increase due to high feed costs. Sugar prices are also expected to remain stable due to the recovery of the global economy and a predicted smaller harvest for the 2021/22 crop. Arabica coffee prices are expected to fluctuate due to the upcoming harvest, but prices are expected to remain above production costs. Soy prices are expected to remain high due to increased global demand and uncertainties about Argentine production. Corn prices may also remain high if the second corn crop faces drought.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Meat prices are expected to remain firm during the first half of 2021, evaluates the Institute of Applied Economic Research (Ipea). In the scenario note on Agricultural Markets and Prices, released yesterday (29), which will be released quarterly, the institute cites the lack of animals, the high cost of production and exports as factors of influence. For beef, Ipea says that the year must be difficult for those working with animal fattening. "The lowest slaughter volume observed throughout 2020 is expected to continue in the first half of 2021", he states in the document. In the second half, the supply of animals from confinement will depend on the prices of inputs and spare parts, which started the year at high levels. On the demand side, according to the institute, slaughterhouses report difficulty in passing on price increases to consumers. of the “arroba do boi gordo”, which can put pressure on the arroba. In the second quarter, chicken meat should maintain the price levels ...
Source: Brasilagro

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