StoneX revised its projection for Brazil’s 2024/25 wheat harvest, reducing expected output by 6.8%, from 9.22 to 8.59 million tons. Recent flooding in Rio Grande do Sul devastated infrastructure and lives, leading StoneX to trim the state’s projected wheat planting area by 200,000 hectares. Such losses will likely worsen due to logistical and financial issues. […]
Related Posts
Since Lula took office, gasoline and ethanol prices have skyrocketed across Brazil
Following the transition to Luiz Inácio Lula da Silva’s presidency, a national increase of 12% in gasoline prices has been recorded. Seven states have experienced a surge exceeding 15%, with Amazonas seeing the highest rise of 25%, bringing the cost per liter to R$6.30 (US$1.26 per liter or US$4.76 per gallon). Other significantly affected states […]
