Citi
July 6, 2026
The Point for Latin America
Market ReportEquitiesMacro Economic IndicatorsConsumer StaplesHealth Care
This report covers 2Q26 outlooks and market updates for Latin American equities, logistics, and pharma sectors, highlighting specific corporate developments and macroeconomic themes.
Key Takeaways
- 1.Ambev (ABEV3.SA) expects a healthy 2Q26 recovery in Brazil Beer volumes driven by easy comparisons and the global football tournament, despite neutral weather.
- 2.Brazil's GLP-1 medicine imports fell 28% YoY in June 2026, shifting investor focus from supply availability to potential demand constraints.
- 3.Brazil railroad/shipping grain logistics show trucking margins moderating as corn harvest peak passes.
Table of Contents
- Company
- Industry
- Global
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Authors
Renata CabralLuis Felipe TerzariolGabriel BarraAndrés CardonaFilipe NielsenJoao PimentelLeandro BastosCharlie Massy-Collier
Securities
ABEV3.SAUSIM5NEMAKA.MXJALL3.SA
Themes
Digital pharmacy penetrationGLP-1 market dynamics in BrazilSupply chain logistics and commodity transport
Regions
Latin AmericaBrazilMexico