Welcome to “Number of the Week,” where we choose a single figure that helps understand what is going on in Brazil. This week, we show that the Brazilian commodities sector will face uncertainties inside and outside the country.
- 88mn tons
- Brazil’s expected soybean exports in 2022
This year, Brazilian agribusiness is being hit by rising inflation, expensive inputs, production bottlenecks, high global freight rates and exchange rates, and unfavorable weather conditions. Even so, prices are attractive for the large production chains in the sector. The trend should continue into next year, in large part because international...