Brazil agribusiness exports US$ 160 billion in '22, but inputs have soared and '23 could see a return of protectionism

Brazilian agribusiness exports should reach a record US$ 160 billion this year, which represents an increase of 32% compared to 2021, and a number that also was surprisingly high last year. But on the other hand input imports have never been so costly because of the international prices with inputs reaching almost US$ 50 billion, up 51% year to year.