Brasília – The prices of commodities, i.e. internationally traded primary products, dropped 5.37% in November from October as per Índice de Commodities Brasil (IC-Br), a monthly index from the Brazilian Central Bank. In the 12-month period ended November, the index was up 18.41%.
The IC-Br tracks the variation in prices of Brazilian commodities traded abroad. Last month, agricultural commodity prices (beef, cotton, soy oil, wheat, sugar, maize, coffee, rice and pork) dropped 4.67%. Energy commodities (oil, natural gas and coal) dropped 5.54%, and metals (aluminum, iron ore, copper, tin, zinc, lead and nickel) were down 8.68%.
*Translated by Gabriel Pomerancblum
