According to DATAGRO, Brazilian soybean producers had a satisfactory performance in 2021. The indicator ‘behavior of prices’ played a significant role in the sector’s result last year, as the Brazilian soybean average closed 2021 at R$ 160.92/60 kg, up 42% from the R$ 113, 00 in 2020. For now, average prices in 2022 are expected to reach close or even above the average prices in 2021. The Gross profitability indicator also showed positive results for producers’ income. “For 2022, forecasts point to profitability again positive on average, but with a chance of being below last year, due to strong increases in production costs. In addition, productivity is likely to decrease. With that, income could be saved by the much higher prices”, said Flávio Roberto de França Junior, grain coordinator at DATAGRO. Regarding the profitability of soybeans as a financial asset, the accumulated variation of 2021 was positive.
Source: Datagro (*Translated by Ia Niani)