Business

What to expect from Brazilian agro in 2020?

What to expect from Brazilian agro in 2020?
Photo: ESB Professional

After a bright 2019, Brazilian corn prices are set to maintain high levels, sustained by a smaller production forecast and booming demand, according to data from consultancies and official estimates. While this is good news for Brazilian agro, smaller supply may have serious impacts on the internal market, affecting the price of products such as meat—which has already suffered significant hikes in recent weeks. 

In its latest report, the Brazilian Institute of Geography and Statistics (IBGE), pegged the country’s grain harvest in 2020 at 240.9 million tonnes, the biggest since records began in 1975. However, IBGE sees corn production...

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