Brasília – The Brazil Commodities Index (IC-Br), which monitors the average prices of international priced primary goods (commodities) increased by 2.67% in March, according to a bulletin issued this Wednesday (4th) by the Central Bank.
The significant increase in the IC-Br was largely driven by the oil price hike in the foreign market, even though the prices of all commodities exported from Brazil have increased.
The prices of agricultural commodities (beef and pork, cotton, soy oil, wheat, sugar, maize and coffee) went up by 1.94% in March, Mineral commodities (aluminium, iron ore, copper, tin, zinc, lead and nickel) appreciated by 2.6%. The sharpest increase was that of energy commodities (oil, natural gas and coal), whose prices increased by 6.45% in March.
*Translated by Gabriel Pomerancblum
