05/06/2024 – 10:05
São Paulo, 6 – Securities aimed at financing agribusiness with private resources totaled R$ 1.010 trillion in stocks from March 2023 to March this year, an increase of 34.31% compared to the same month last year, reported the Ministry of Agriculture, in a note, based on the Agro Private Finance Bulletin. Last year, stocks of Rural Product Notes (CPR), Agribusiness Letters of Credit (LCA), Agribusiness Credit Rights Certificates (CDCA), Agribusiness Receivables Certificates (CRA) and Investment Funds in the Production Chains of Agribusiness (Fiagro) had totaled R$ 752.01 billion.
In 12 months, the stock of Rural Product Notes (CPR) grew 43% compared to the previous 12 months, to R$325 billion in resources handled in March. Agribusiness Letters of Credit (LCA) had a more modest increase, of 26%, reaching R$474 billion in contracts in March, on the same comparative basis. According to the ministry, LCAs have become the main source of free resources for bank financing of the agricultural sector.
As for the performance of other securities, the Agribusiness Receivables Certificate (CRA) grew 35% in inventories until March 2024, to R$138.85 billion. Agribusiness Credit Rights Certificates (CDCA) increased 8% in the period, to R$32.59 billion.
The Investment Funds in Agribusiness Production Chains (Fiagro), in turn, made a 212% jump from March last year to this year, although the volume moved was much smaller, at R$ 38.09 billion, in comparison with the other titles, with the exception of the CDCA.
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