Skip to main content

Table 4 Impacts on China and Brazil producer prices. Percentage difference from the baseline

From: Impacts of the COVID-19 Pandemic on the Global Agricultural Markets

  China Brazil
2020 2021 2022 Band (%) 2020 2021 2022 Band (%)
Biofuels
Biodiesel − 5.1 − 0.7 0.1 91.3 − 8.7 − 6.1 3.6 162.7
Ethanol − 7.9 − 0.7 6.8 52.4 –12.0 − 3.1 6.6 89.6
Dairy
Butter − 9.9 − 4.3 1.7 60.9 –19.7 − 4.8 5.8 141.4
Cheese − 6.7 − 2.9 0.9 72.6 –11.7 − 6.6 3.1 250.1
Skim milk powder − 3.9 − 2.0 − 0.4 44.8 4.1 − 8.2 − 2.8 79.1
Whole milk powder − 4.3 − 1.6 0.3 32.8 − 3.9 − 5.9 0.3 48.0
Grains
Maize − 3.6 − 4.9 − 1.0 59.4 − 7.2 − 9.4 − 1.9 137.3
Other coarse grains − 5.3 − 8.4 − 4.3 53.7 − 6.0 –10.2 − 6.4 109.7
Rice − 0.4 − 0.4 − 0.2 40.2 − 3.0 − 2.4 − 0.2 64.7
Wheat − 1.0 − 1.7 − 1.2 62.7 − 3.7 − 5.0 − 2.3 160.9
Meat
Beef and Veal 3.3 15.1 31.5 − 9.2 − 0.6 5.9 45.0
Pork –14.7 4.2 4.2 63.8 –18.6 4.3 7.5 168.3
Poultry − 4.0 − 2.3 − 1.0 37.0 − 6.7 − 4.6 0.2 57.3
Sheep − 7.8 0.6 0.6 16.3 − 5.8 − 4.3 0.8 19.2
Oilseeds
Other Oilseeds − 8.5 − 5.2 1.7 77.0 − 8.6 − 6.1 0.5 284.9
Soybean − 5.1 − 6.9 − 1.1 67.8 − 5.1 − 6.8 − 0.7 186.9
Other processed products
Total protein meal − 4.5 − 7.0 − 1.6 54.0 − 4.7 − 7.4 − 1.6 110.6
Vegetable oils − 8.0 2.4 61.9 –12.1 − 8.5 2.1 143.7
  1. The columns (Band  %) is a measure of the variation in world production resulting from stochastic oil prices. It represents the 95% range (the large bands in Fig. 4) as a percent of the scenario value in 2030