Despite the diversity of products that make up agribusiness, agricultural prices, especially grains, tend to be stable in the coming months, said XP Investiments chief economist Zeina Latif on Tuesday (17) during the event. cooperatives in São Paulo (SP). “We no longer have that ‘commodity boom’ – which boosted prices a few years ago,” he said.
On the other hand, Zeina pointed out that, in general, the scenario is favorable for agribusiness, facing a positive global economic scenario. “There is a traction of growth.” Internally, the economist stressed, the elections should not disrupt the performance of the sector over the medium term. According to Zeina, Brazil has a well-known agenda – the need for fiscal adjustment and structural reforms, with a view to reducing spending and public debt. “These are issues that will fall on the lap of the next president. The reforms will be made, it remains to know in what amplitude. Basically, the need for them [the reforms] is technically clear, the challenge to make them viable is and will be political. “
With regard to the recent trade tension between the United States and China, the economist said she did not believe in a lasting tariff escalation. “The US has some motives, in fact, to challenge some practices in China, but I do not believe in a protectionist turn.” According to Zeina, the Chinese economy continues to present good indicators, a fact that is positive for Brazilian agribusiness.