Brazil witnessed a sharp fall in corn prices last January. Safras Consultancy reported an uptick in corn available for sale. Producers aimed to make room for soybean crops, impacting prices across regions. The year kicked off with strong trading. Yet, as consumers filled their reserves, demand slowed. Analysts from Safras & Mercado point out ongoing […]
Related Posts
Conmebol Moves 2023 Copa Sudamericana Final Venue
Alejandro Domínguez, Conmebol’s President, announced a venue change for the 2023 Copa Sudamericana final. The match will now happen in Punta del Este, Uruguay, at Domingo Burgueño Miguel Stadium on October 28. Initially, Montevideo’s Centenario Stadium was the chosen location. But Rio de Janeiro’s Maracaná Stadium stays as the Copa Libertadores final spot. The Copa […]
Small businesses in Brazil suffered losses of around US$5 billion due to COVID-19
A study conducted by Sebrae and Ipea, based on data from IBGE, reveals that 716,000 small businesses closed between March and June 2020 due to the COVID-19 pandemic, resulting in losses totaling R$ 24.1 (around US$5) billion. The trade and services sectors were particularly affected, and the real impact of the pandemic may be even […]
Venezuela’s Currency Crisis: A Tale of Two Exchange Rates
Venezuela faces a growing currency crisis as the gap between official and parallel exchange rates widens to 27%. This disparity affects every aspect of daily life in the South American nation. The government-set official rate stands at 37.6 bolivars per dollar, while the parallel market rate has soared to 47.7 bolivars. This difference creates a […]