IPEA announces the first production and price prospects for Brazilian agricultural products for 2022

Published 2021년 12월 1일

Tridge summary

The Institute for Applied Economic Research (Ipea) released a report predicting a positive production estimate for Brazil's main grains, soy and corn, for 2022. The country's leading role as a producer and exporter of these commodities could potentially impact international prices. However, climatic conditions and international prices, which are showing an upward trend, will influence the formation of agricultural product prices. The report also discusses the varied movements in domestic agricultural prices in the third quarter and expects stability in some prices for the last quarter of 2021.

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Original content

The Institute for Applied Economic Research (Ipea) released, this Wednesday, a note on agricultural prices and markets, with perspectives for 2022, in addition to the analysis of the last quarter of 2021 and the balance of supply and demand. The edition continues with the participation of the National Supply Company (Conab) for the analysis of production and balances of domestic supply and demand, and the Center for Advanced Studies in Applied Economics (Cepea/Esalq/USP) for the analysis of domestic prices . “For 2022, the two main grains – soy and corn – will have a positive production estimate, which may contribute to a greater offer in the domestic market”, said Ana Cecília Kreter, associate researcher at Ipea and one of the publication's coordinators. “In addition, Brazil is one of the main producers and exporters of most of the commodities analyzed in this study. Any change in the estimate of Brazilian production also impacts international prices”, indicated the researcher. ...

Source: SNA