The Focus Bulletin forecasts GDP growth of 2.02% and IPCA of 5% for 2025, while the exchange rate is expected to be BRL 6.00 and the Selic rate may reach 15%. FAO noted that food prices dropped in December 2024 as a result of lower prices for sugar, dairy products, vegetable oils, and grains, which were counterbalanced by higher meat prices. Conab predicts an 8.2% increase in grain production in Brazil for the 2024-2025 harvest, with soybeans (166.3 million tons, +12.6%) and corn (119.6 million tons, +3.3%) showing the biggest increases. Globally, the USDA boosted its cotton forecasts while decreasing those for corn and soybeans, with Brazil helping to expand supply of these commodities.
Source: Notícias Agrícolas/Prof. Dr. Marcos Fava Neves (*Translated by Ia Niani)
BRAZIL’S EXPORTS: AGRIBUSINESS ACCOUNTS FOR 165 BILLION DOLLARS IN 2024
Published On - 30 de January de 2025