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05/07/2017 - 16:03hs

Commodity prices remain flat

An index that tracks the costs of staple goods in Brazil dropped slightly by 0.02% in June from May. In the 12 months through June, however, the indicator slid by 4.6%.

Brasília – Commodity prices remained virtually flat in June. The Central Bank’s monthly Brazil Commodities Index (IC-Br) was down 0.02%, in June from May. The index slid by 4.63% in the 12 months through June and by 3.94% year-to-date through June. The IC-Br, which was made public this Wednesday (5) tracks variations in prices of internationally traded Brazilian commodities.

June saw the prices of energy commodities (oil, natural gas and charcoal) decline by 0.9%, while those of metal commodities (aluminum, iron ore, copper, tin, zinc, lead and nickel) were up 1.68%. The costs of agricultural commodities (beef, cotton, soy oil, wheat, sugar, maize, coffee, rice and pork) declined by 0.35%.

The United States-based Commodity Research Bureau’s CRB index was up 5.04% in June and by 1.65% in the 12 months through June.

*Translated by Gabriel Pomerancblum

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