Update

Brazil agribusiness outlook 2026

13 January 2026 1:49 RaboResearch

Andy Duff

Head of RaboResearch Food & Agribusiness - South America; Global Strategist - Sugar

Andrés Padilla

Senior Analyst - Beverages, Dairy, F&A Supply Chains

Guilherme Morya

Senior Analyst - Beverages

Marcela Marini

Senior Analyst – Grains & Oilseeds

Bruno Fonseca

Analyst – Farm Inputs

Wagner Yanaguizawa

Analyst - Animal Protein

Renan Alves

Macro strategist

This report outlines the macroeconomic backdrop for 2026 and provides an outlook for each of Brazil’s major agribusiness sectors.

Report summary

Brazil is pivotal player in global agricultural commodity markets. This report, prepared by our São Paulo-based team of analysts, highlights the factors that will influence each of the major sectors of Brazilian agribusiness in 2026. Against a macro backdrop of high interest rates, a looming presidential election, and a complex global trade environment, each individual sector of Brazilian agribusiness faces its own distinct set of challenges and opportunities in 2026.