Agricultural Prices Drop by 5.9% in February Compared to 2023

February 2024 witnessed a 5.9% decrease in agricultural prices compared to the same month in 2023, as reported by Agronegocios. This decline reflects ongoing trends influenced by lower international commodity prices, such as coffee, corn, and palm oil, alongside reduced agricultural input costs. Despite this decrease, a slight recovery was noted from January to February 2024, suggesting a potential stabilization in agricultural product prices. The fluctuation in prices has significant implications for farmers and the broader agricultural sector.