Brazil: Tomato prices soar in October

Published 2022년 11월 11일

Tridge summary

In October, tomato prices in Brazil rose by 17% due to accelerated inflation and a highway blockade, leading to a disruption in the flow of tomatoes. High temperatures accelerated fruit maturation, resulting in a shortage and further driving up prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of tomatoes rose again in October, after inflation accelerated again in the country. According to data released by the Brazilian Institute of Geography and Statistics (IBGE), the official index registered an increase after three consecutive deflations. The National Broad Consumer Price Index considered the country's official inflation, which accelerated to 0.59% in October, according to data released last Thursday. Among the items that rose the most in October, is the tomato with a high of 17% as indicated by the price index. Another factor that contributed to the increase in prices was the stoppage on highways across the country in the last month, the flow of tomatoes has already normalized in recent weeks, but even so prices are still high in wholesale. Due to the high temperatures, ...
Source: Agrolink

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.