Agri Business

Fiesp: agribusiness confidence rises

calculated by Federation of Industries of the State of São Paulo (Fiesp)the Agribusiness Confidence Index (IC Agro) rose 6 points in the third quarter of 2022. The institution released the data on Thursday 17.

Thus, the indicator went from 110 points, recorded in the previous quarter, to the current level: 116 points. That is: an expansion of 5.5%. According to Fiesp, the growth in agribusiness confidence between July and September is the best quarterly performance of 2022.

“The year started with rising prices and insecurity regarding the supply of raw materials, problems that have since been alleviated, making the exchange ratios a little more favorable for producers”, analyzed Roberto Betancourt, director of the Agribusiness Department at Fiesp . “This explains part of the improvement in the market assessment of both fertilizers and agrochemicals, despite the fact that prices for these products are still operating at high levels.”

Agribusiness confidence and economic improvement

In a note, the institution informed that the increase was due to “the generalized improvement in the assessment of the Brazilian economy” throughout the year. “There was a drop in the Brazil risk, inflation gave way to a deflationary scenario as a result of the high interest rates and the fall in fuel prices, and the projections for the growth of the Gross Domestic Product in 2022 improved”, he informs.

The IC Agro survey recorded improvement in almost all segments analyzed. The retraction appeared only in the group formed by the industries that operate after the gate. Even so, all sectors analyzed scored above 100, a range considered optimistic by the study’s methodology.

“The most recent data from the IBGE show a decrease in physical production in the food industries, one of the main sectors of the so-called ‘Post-Porteira’”, explained Betancourt. “For exporters, such as tradingsthe result was also influenced by the prospect of cooling in global trade due to the slowdown of the economy in several parts of the world”, he added.

IC Agro

Fiesp elaborates the Agribusiness Confidence Index to assess the perception of input and transformation industries linked to agriculture, in addition to cooperatives and producers, in relation to a series of economic and competitiveness indicators in the sector. The research data history starts in the last quarter of 2013.

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