Blog IICA

Evidences

227 results

Imports from the region

01/04/2026 Go to Evidence

Brazilian imports from the Middle East represent 0.3% of GDP (Canuto, 2026).

Canuto, O. (2026). Transmission channels of the war on Iran to the Brazilian economy. Policy Center for the New South. https://www.policycenter.ma/publications/transmission-channels-war-iran-brazilian-economy

Policy Center for the New South

Reference interest rate

01/04/2026 Go to Evidence

The rate reached 14.75% after a 25 basis point cut in response to inflationary pressures in Brazil (Canuto, 2026).

Canuto, O. (2026). Transmission channels of the war on Iran to the Brazilian economy. Policy Center for the New South. https://www.policycenter.ma/publications/transmission-channels-war-iran-brazilian-economy

Policy Center for the New South

Increase in the price of urea

01/04/2026 Go to Evidence

Urea prices in Brazil increased by 35% during the first weeks of March due to the conflict (Canuto, 2026).

Canuto, O. (2026). Transmission channels of the war on Iran to the Brazilian economy. Policy Center for the New South. https://www.policycenter.ma/publications/transmission-channels-war-iran-brazilian-economy

Policy Center for the New South

Gulf urea dependency

01/04/2026 Go to Evidence

36% of Brazil's urea imports came from Iran, Qatar, Saudi Arabia, Oman and the United Arab Emirates in 2025, currently affected by the closure of the Strait of Hormuz (Canuto, 2026).

Canuto, O. (2026). Transmission channels of the war on Iran to the Brazilian economy. Policy Center for the New South. https://www.policycenter.ma/publications/transmission-channels-war-iran-brazilian-economy

Policy Center for the New South

Brazilian Corn Exhibition

25% of Brazil's corn exports are destined for the Middle East, increasing sectoral vulnerability (Canuto, 2026).

Canuto, O. (2026). Transmission channels of the war on Iran to the Brazilian economy. Policy Center for the New South. https://www.policycenter.ma/publications/transmission-channels-war-iran-brazilian-economy

Policy Center for the New South

External dependence of the country

30/03/2026 Go to Evidence

85% of the fertilizers used in Brazil are imported, which explains the high exposure to international shocks (Agrolatam, 2026).

Agrolatam. (2026). Brasil prepara un plan de 2.900 millones de dólares y elimina aranceles para fertilizantes en medio de la crisis global. https://www.agrolatam.com/actualidad-latam/brasil-plan-2900-millones-aranceles-fertilizantes-agro/

AgroLatam

Tariff reduction

30/03/2026 Go to Evidence

0% is the temporary tariff applied to the import of fertilizers to lower agricultural production costs in Brazil (Agrolatam, 2026).

Agrolatam. (2026). Brasil prepara un plan de 2.900 millones de dólares y elimina aranceles para fertilizantes en medio de la crisis global. https://www.agrolatam.com/actualidad-latam/brasil-plan-2900-millones-aranceles-fertilizantes-agro/

AgroLatam

Brazil: soybean production revised down to 179M mt

27/03/2026 Go to Evidence

Brazil's soybean production was revised down to 179 million tonnes (from 180M) due to excessive rainfall in northern and central producing states; Brazil's competitive discount makes it unlikely China will purchase an additional 8 million tonnes of soybeans from the US (Darragh & Bhanu, Kpler, 2026).

Darragh, M., y Bhanu, I. (2026, 27 de marzo). The Strait of Hormuz blockade: what it means for grain and food security. Kpler.

Kpler(2026)

Support plan for the sector

25/03/2026 Go to Evidence

Brazil will allocate $2.9 billion to a new plan to reduce the impact of rising fertilizer prices on agriculture (Agrolatam, 2026).

Agrolatam. (2026). Brasil prepara un plan de 2.900 millones de dólares y elimina aranceles para fertilizantes en medio de la crisis global. https://www.agrolatam.com/actualidad-latam/brasil-plan-2900-millones-aranceles-fertilizantes-agro/

AgroLatam

Heat stress

01/03/2026 Go to Evidence

Brazil, Vietnam, Colombia, Ethiopia and Indonesia face an average of 144 days a year with heat that is harmful to coffee, almost four months under heat stress (El País, 2026).

El País. (2026, febrero 18). El cambio climático también va por el café: Los días de calor que afectan sus cultivos se disparan en Brasil, Colombia y otros países productores. https://elpais.com/america-futura/2026-02-18/el-cambio-climatico-tambien-va-por-el-cafe-los-dias-de-calor-que-afectan-sus-cultivos-se-disparan-en-brasil-colombia-y-otros-paises-productores.html

El País. https://elpais.com/