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Strategic Steel Quotas: Brazil’s New Economic Defense
The Brazilian government has introduced a 25% surcharge on steel imports that surpass established quotas. This measure aims to protect its domestic steel industry from intense foreign competition, notably from China. This policy stands as relatively moderate compared to more extensive trade protection tactics utilized by Europe and the United States. In Europe, the European […]
Brazil’s Soybean Outlook Adjusted Due to Weather Issues
Victor Faverin reports hEDGEpoint Global Markets’ updated soybean harvest forecast, influenced by December’s challenging weather in Brazil. The new prediction shows a decrease to 153.4 million tons for the 2023–24 season, down from the initial 160.1 million tons. Pedro Schicchi, hEDGEpoint’s analyst, highlights the vulnerability of soybeans during their critical reproductive stages. Although tough against […]