With just over two weeks to go until the end of 2021, the market has begun posting its forecasts for Brazilian agriculture, and so far the consensus is that 2022 will be a year of mixed results. On the one hand, it should see some record harvests thanks to more favorable weather conditions. On the other, production costs are expected to be even higher, which could end up shrinking producers’ margins.
This year, the weather turned out to be the main reason for uncertainty. The drought in the country, the worst in 91 years, may not have significantly impacted one…