---
title: "伊塔乌 BBA 预计巴西农业将增长 10%，因为伊朗战争推高了成本并增加了对生物燃料的需求"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/284028865.md"
description: "伊塔乌 BBA 预计到 2026 年，巴西的农业商业投资组合将增长 10%，这主要是由于伊朗战争导致的燃料和化肥成本上升，同时也推动了生物燃料的需求。尽管利润空间收窄影响了粮食生产者，该投资组合预计将从 1350 亿雷亚尔（约合 269.2 亿美元）增长。更高的油价可能会促进乙醇消费，预计牛牧场、咖啡和棉花行业将表现强劲。贷款逾期还款率预计将在未来几个月保持稳定或下降"
datetime: "2026-04-24T15:15:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284028865.md)
  - [en](https://longbridge.com/en/news/284028865.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284028865.md)
---

# 伊塔乌 BBA 预计巴西农业将增长 10%，因为伊朗战争推高了成本并增加了对生物燃料的需求

SAO PAULO, April 24 (Reuters) - Itau BBA expects 10% growth in its agribusiness portfolio in 2026 as the Iran war raises fuel and fertilizer costs while also boosting biofuel demand, the investment bank's agribusiness director Pedro Fernandes told Reuters.

\-- The portfolio is set to grow from 135 billion reais ($26.92 billion) recorded at the end of last year, despite tighter margins reducing grain producers' investment appetite, Fernandes said. -- Higher oil prices from the conflict could drive ethanol consumption, including through a potential increase in Brazil's gasoline blend to 32% from 30% being studied by the government.

\-- The Iran war will weigh more on planning for the 2026/27 grain crop, raising costs for fuel and fertilizers, he said.

\-- Sugar and ethanol producers have strong cash positions despite low sugar prices, he added, having capitalized during a period of high margins and positioning them to maintain investments in cane field renewal.

\-- "Ethanol price prospects for the 2026/27 crop are better than they were two months ago," Fernandes said.

\-- The bank also sees strong performance in cattle ranching, with beef prices near record highs due to Chinese demand, as well as in the coffee and cotton sectors.

\-- Delinquency on loan payments is expected to remain stable or decline from early April to late May, a critical payment period, the executive added.

($1 = 5.0155 reais) (Reporting by Roberto Samora; Writing by Kylie Madry; Editing by Gabriel Araujo)

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