The increase in the exchange rate nullified the fall in the price of fertilizers in November, notes the monthly report of agribusiness inflation indexes released on Tuesday (18) by the Farsul System.
The Production Costs Inflation Index (IICP) closed last month with a rise of 0.67%. In the year to date, the IICP increased by 10.82% reflecting a 16% exchange rate variation in the last 12 months.
But if the rise in the exchange rate was responsible for the increase in production costs, the same does not happen in the prices received by the rural producer. With the beginning of the harvest in the northern hemisphere, prices of the main grains fell in the international market, causing the Index of Price Inflation Received by the Rural Producers (IIPR) to register a drop of 5.04%. In the accumulated index of the year, the IIPR increased by 17.17%, a percentage far from the IPCA Alimentos, which increased by 3.58% in the period, proving the drop in prices between the field and supermarket shelves.
This text was translated by machine from Brazilian Portuguese.