Brasília – The Brazil Commodity Index (IC-Br), calculated by the Central Bank of Brazil (BC), presented a 1.82% drop in March, as against February. In the 12 months ending in March, there was expansion of 3.58%.
The IC-Br is calculated based on the variation in reals of Brazilian primary product (commodity) prices on the foreign market. The BC observes that the products are relevant to the consumer price dynamics in Brazil.
The main reduction was verified in the metal (aluminium, iron ore, copper, tin, zinc, lead and nickel), with a 6.02% drop.
Reductions in the energy sector (oil, natural gas and coal) reached 2.51%, while the agricultural commodity sector (beef and pork, cotton, soy oil, wheat, sugar maize, coffee and rice) recorded a 0.66% drop.
In March, the International Commodity Price Index (CRB), calculated by the Commodity Research Bureau, recorded growth of 0.09%. In the 12 months ended in March, the regional index recorded growth of 5.83%.
*Translated by Mark Ament
