---
title: "伊塔烏 BBA 預計巴西農業將增長 10%，因為伊朗戰爭推高了成本並增加了對生物燃料的需求"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/284028865.md"
description: "伊塔烏 BBA 預計到 2026 年，巴西的農業商業投資組合將增長 10%，這主要是由於伊朗戰爭導致的燃料和化肥成本上升，同時也推動了生物燃料的需求。儘管利潤空間收窄影響了糧食生產者，該投資組合預計將從 1350 億雷亞爾（約合 269.2 億美元）增長。更高的油價可能會促進乙醇消費，預計牛牧場、咖啡和棉花行業將表現強勁。貸款逾期還款率預計將在未來幾個月保持穩定或下降"
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)
---

# 伊塔烏 BBA 預計巴西農業將增長 10%，因為伊朗戰爭推高了成本並增加了對生物燃料的需求

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)

### 相關股票

- [ITUB.US](https://longbridge.com/zh-HK/quote/ITUB.US.md)
- [EWZ.US](https://longbridge.com/zh-HK/quote/EWZ.US.md)
- [BRAZ.US](https://longbridge.com/zh-HK/quote/BRAZ.US.md)
- [TRI.US](https://longbridge.com/zh-HK/quote/TRI.US.md)

## 相關資訊與研究

- [原油：油價下跌 川普稱美國在伊朗問題上進入「最後階段」](https://longbridge.com/zh-HK/news/287139996.md)
- [伊朗和談丨美伊協議草案據報已達成 料數小時內公佈](https://longbridge.com/zh-HK/news/287257740.md)
- [中東局勢丨伊朗稱美國修改後提案要求仍過分](https://longbridge.com/zh-HK/news/286791932.md)
- [美國及以色列據報正為重新打擊伊朗作準備](https://longbridge.com/zh-HK/news/286667722.md)
- [伊朗：歐洲正就霍爾木茲海峽通行問題 與革命衞隊接觸](https://longbridge.com/zh-HK/news/286653117.md)