The rising prices of raw materials, such as soybeans and iron ore, will likely benefit Brazil for at least the next two years. Although it is too early to predict the size of this new cycle, the perception of analysts interviewed by Folha is that it will be less intense than the commodity boom of the 2000s.
Commodity prices using the CRB (Commodity Research Bureau) index rose by almost 70% in one year. In the same period, metallic commodities tripled in price in the international market, mainly in iron ore (+ 150%), and agricultural products have already emerged from a longer appreciation, mainly from soy.
By Douglas Gavras via Folha de S. Paulo