Brazil agribusiness outlook 2025

What prospects does 2025 hold for Brazilian agribusiness? This report outlines the macroeconomic backdrop for 2025 and provides an outlook for each of Brazil’s major agribusiness sectors: soybeans, corn, cotton, beef, coffee, sugar and ethanol, orange juice, dairy, farm inputs, cellulose, poultry, and pork.

Several common themes emerge for 2025, including the lasting impact of 2024’s very dry weather and potential shifts in prices, margins, and competitiveness in the wake of 2024’s currency devaluation. Other key subjects include tariffs and other measures that may impact trade as well as the effects of projected inflation, rising interest rates, and slower economic growth on local consumption.

Despite the challenges, we expect new production and export records to be set. Excellent crop conditions for soybeans should see a new production record of 167m metric tons achieved in 2025, while both poultry and pork exports are expected to reach new highs in 2025. And favorable climatic conditions could see Brazil achieve the No. 1 spot in cotton exports for a second successive year.