Brazil: Meat, eggs, sugar and vegetables are agro products that became more expensive in the 1st semester

Published 2021년 7월 8일

Tridge summary

The Brazilian Institute of Geography and Statistics (IBGE) has reported that the cost of key agricultural products in Brazil has increased significantly in the first half of 2021, with meat, eggs, sugar, and vegetables seeing the highest price hikes. Inflation, as measured by the Broad Consumer Price Index (IPCA), stood at 8.35% over the past year and 3.77% in the first half of the year. Notably, the production of important crops like sugar and vegetables has been affected by adverse weather conditions, including drought and cold, contributing to the surge in prices. Additionally, the cost of feeding livestock, due to rising corn and soybean prices, has led to a significant increase in meat prices. The article also mentions the authorization of imported transgenic corn to help offset costs and discusses the potential impact of ongoing drought on Brazil's corn harvest projections.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Meat, eggs, sugar and vegetables are some of the more expensive agricultural products in the first half of this year, according to data released by the Brazilian Institute of Geography and Statistics (IBGE), this Thursday (8). Brazil's official inflation, measured by the Broad Consumer Price Index (IPCA), increased 8.35% in 12 months, and 3.77% in the first half (see higher highs and lows). Of the products from the field, some of the items that advanced the most between January and June, compared to the same period in 2020, were: Refined sugar: 16.14%Crystal sugar: 14.25%Vegetables: 8.79%Meat: 7.25%Poultry and eggs: 6.87% Tubers and vegetables, in turn, fell 18%, while soy oil dropped 2%. Despite this, the consumer continues to pay more for cooking oil. In the state of SP, a unit is costing, on average, R$7.55, against R$3.96 a year ago. Sugar In the 1st half, sugars and derivatives rose 7%, with highlights for refined (16.14%), crystal (14.25%) and demerara (13.21%). In the ...

Source: G1globo