Grains, livestock and sugarcane boost Brazil’s agribusiness producer price index in March

RIO DE JANEIRO, BRAZIL – According to Cepea researchers (Center for Advanced Studies in Applied Economics, University of São Paulo), this movement was linked to the positive variations observed for the IPPA-Grains, of 3.8%, for the IPPA-Livestock, 1%, and the IPPA-Cane-Coffee, of 3.8%.

The IPPA-garden fruits and vegetables, on the other hand, fell 6%. The performance of the grains index is due to the increase in the values of corn, cotton, wheat, and soybeans – paddy rice was the only one to depreciate in the month.

In the case of livestock, the result of the index was boosted by the increase in the nominal prices of live chicken, live cattle, and eggs instead of the decreases observed for live pigs and milk.

The increases in the nominal prices of sugarcane and coffee are responsible for the index’s performance composed of both products.

As for vegetables, the negative result reflects the drops observed in the nominal prices of tomatoes, bananas, and oranges.

In the same comparison, the IPA-OG-DI Industrial Products, calculated and released by FGV, registered an increase of 2.9%. Therefore, from February to March, the agricultural prices fell a little compared to the industrial ones.

As for vegetables, the negative result reflects the drops observed in the nominal prices of tomatoes, bananas, and oranges.

In the same comparison, the IPA-OG-DI Industrial Products, calculated and published by FGV, registered an increase of 2.9%. Therefore, from February to March, the agricultural prices fell a little in relation to the industrial prices of the economy.

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