Although estimates for the Brazilian crop of cereals, pulses and oilseeds are between 261 and 272 million tons – a record – the executive director of the Brazilian Agribusiness Association (Abag), Eduardo Daher, is not optimistic for next year.
“This harvest that ended in June was successful after the strong demand caused by Covid-19 and the record shows the commitment of the agro to adopt technology, with fertilizers, pesticides, corrected seeds”, he said, in an interview with CNN Radio .
He considers, however, that the scenario is different for 2023: “I don’t have great confidence in the next one because it does have logistical difficulties, high input prices. My advice is: before
going out and planting summer or winter crops, let them do the math, profitability will be complicated.”
The director of Abag reinforces that the war in Ukraine brought problems, as well as the exchange rate.
“The exchange rate volatility scares and worries agribusiness, it was a lot of fun at the time of covid to plant a crop with a dollar of 3.88 and harvest at 5.80, it doesn’t take effort to see that a lot of money was made, but the situation is now different, with a dollar at 5.20 and no idea how it will go ahead.”
The expert points out that he does not believe in a great record for next year’s crops, “because the consumption of technology in crops will decrease because of the war and the exchange rate, we must continue praying for the climate, which can favor us”.
Eduardo Daher recalls that “today, soy brings more external resources than ore and oil, the vocation of agriculture is important for the country”.
*With production by Isabel Campos
Source: CNN Brasil
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