Despite the fall in the dollar, Easter product prices exceed food average – 04/04/2023 – Vaivém

Even with the consumer’s low income and the drop in the dollar against the real, the specific Holy Week foods have variations well above the average of the others.

The dollar interrupted the upward climb and recorded a 4% retraction this year, inhibiting even greater readjustments in the prices of the most consumed imported products in this period.

Cod, however, one of the flagships of consumer preference, has an accumulated high of 5.31% from January to March. In that same period, the average increase in food prices was 1.31%, according to a survey by Fipe (Fundação Instituto de Pesquisas Econômicas), released on Tuesday (4).

Olive oil, also dependent on the dollar, accumulates a high of 3.7% in the year. Olives, on the other hand, maintained stable prices.

Domestically, some rises were even saltier than those of imported products. The kilo of croaker became 16% more expensive in the year; and hake, 7%.

Another component of the menu, rice, keeps rising prices, even though the cereal is in full harvest in Rio Grande do Sul. Lower production and accelerated exports put pressure on domestic prices.

Cost relief comes from potatoes and onions. According to Fipe, a kilo of potatoes accumulates a drop of 11% this year; and onion, 42%.

Animal protein, with the exception of eggs, is also priced more favorably. Chicken meat fell by 9% in the first three months; beef, 3.3%; and pork, 0.61%. Egg prices, however, rose 17% in the period.

Fipe also shows that seasonal fruits rose 5.8% up to the end of March; and chocolate, 1.62%.

By recording a rate of 0.59% in March, food prices rose again and had the highest monthly evolution this year. In the accumulated 12 months, however, after the peaks of last year, food inflation retreats to 9.65%.

The greatest pressures last month came from eggs, rice, wheat flour, cassava flour and “in natura” products.

Among the falls, the highlights are potatoes, onions, milk, bread, coffee and soy oil, according to data collected by the Foundation, which is linked to USP (University of São Paulo).

Balance By the end of the second quarter there will be a balance between supply and demand for beef in Brazil, and prices should remain stable.

Balance 2 The assessment is from Rabobank, which predicts a stronger recovery of Chinese imports and a greater domestic supply of meat due to discards of females. Calf prices continue to fall.

Prices With meat stocks purchased at high prices, China resumes purchases of Brazilian protein paying less. Thus, it recomposes inventories with lower average values. In July 2022, the ton reached US$ 7,300. In the first two months of this year it was at US$4,800, according to Rabobank analysts.

Bean In the first harvest of 2020/21, people from Paraná sowed 153,000 hectares with beans. In the first of 21/22, there were 139 thousand; and in 22/23, only 115 thousand, according to data from Deral (Department of Rural Economy).

harvest After a harvest of 3.8 million tons of corn in the first harvest, producers in Paraná expect 14.7 million in the second. Soybean production, which was only 12.2 million tons in 2022, should reach 22.2 million this year.

PRESENT LINK: Did you like this text? Subscriber can release five free hits of any link per day. Just click the blue F below.