Brazil: CEAGESP index rises 11.2% in July

Published 2021년 8월 4일

Tridge summary

In July, the CEAGESP price index experienced an 11.2% increase due to severe frost damage to crops, with the most significant impact in the fruit and vegetable sectors. Despite efforts to minimize losses, the fruit sector saw a 21.6% decrease year-over-year, and the miscellaneous sector, which includes onions, potatoes, and garlic, experienced a 19.2% drop. The vegetable sector adjusted, with a 41.36% increase in July, primarily driven by zucchini, peppers, and other vegetables. The fish sector saw a 1.17% decrease, with some fish prices falling significantly. As cold waves are expected to continue in August, there is concern for further crop damage, although no supply shortages are anticipated. The article also mentions efforts to source produce from less impacted areas to address the supply challenges in São Paulo.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The CEAGESP price index ended the month of July with a strong increase, but maintained, in the accumulated result for the year, a drop of 8.4%. The indicator rose 11.2%, due to the effects of severe frosts in the month, which ranged from the southern and southeastern states to part of the Midwest, devastating crops exposed to weather, harming entire crops, decreasing the quality of crops. products and generating price hikes, despite all efforts by farmers to minimize losses. Only the fish and other sectors registered a reduction, with emphasis on the low prices of onions, potatoes and garlic. Price increases occurred strongly in the fruit, vegetable and vegetable sectors, especially for the latter, which came from a sequence of four months of decline in the year. Even with the strong highs, the fruit sector accumulates, in the year, a decrease of 21.6% and the sector of miscellaneous accumulates a fall of 19.2%. In July, the fruit sector had a strong increase of 8.56%. The main ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.