Machinery sales in Brazil dropped 7.3% in September vs. August to nearly $1 billion, according to numbers released by the Brazilian Assn. of Machinery and Equipment Industries. Year-over-year sales declined 20.6%.
According to Pedro Estebão Bastos, president of the Sectorial Chamber of Ag Machinery and Implements, the scenario “changed little” and the fall is attributed to climate instability, high interest rates and “no growth of the planted surface.”
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