Commodities cycle causes more problems than benefits to Brazil, despite being an agro powerhouse

The rise in food pricing, pressuring high inflation, the political and energy crisis, with the prolonged drought, and the rise in commodity prices end up resulting in more harm than good.

RIO DE JANEIRO, BRAZIL - The rise in raw material prices in the international market throughout this year, driven by the economic recovery worldwide and the shortage of primary products, benefits Brazil's exports in a period of tough recovery in the country.

However, the domestic context of instability makes this scenario, which had everything to be favorable, further degrade the country's economic situation.

In 2020, agribusiness generated R$2 trillion (US$380 billion) in revenue from products and services, or more than 26% of the Brazilian GDP. Almost half of all exports, 48%, are linked to the sector.

Brazil . . .

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