Brazil Agribusiness Quarterly Q1 2020
This quarterly update on Brazilian agriculture provides a market outlook for sugarcane, corn, coffee and other key commodities, and gives an overview of what developments to watch in the weeks to come.
Download the latest quarterly
Download the full report
FX – We forecast an exchange rate of BRL4.50/USD by the end of this year.
Fertilizers – The outlook for farm inputs remains positive, thanks to an improving forecast for major crop margins.
Cane, Sugar, and Ethanol – Oil has plunged to USD 30/bbl, dragging sugar to around USc 11/lb – fuel demand is already falling as a result of the coronavirus crisis. If oil stays low, ethanol revenues and margins will be significantly impacted.
Download previous editions
Unlock all content
Where to go from here
Andy DuffHead of RaboResearch Food & Agribusiness - South America; Global Strategist - Sugar Read more
Matheus AlmeidaSenior analyst – Farm Inputs Read more
Wagner YanaguizawaAnalyst - Animal Protein Read more
Guilherme MoryaAnalyst - Beverages Read more
Andrés PadillaSenior Analyst - Beverages, Dairy, F&A Supply Chains Read more
Victor IkedaSenior Analyst - Grains & Oilseeds Read more