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.