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On October 27, 2023, Brazil’s main stock index, Ibovespa, declined due to President Lula hinting at a potential fiscal target challenge for 2024. This index decreased by 1.29% and ended at 113,301 points. Meanwhile, Brazil’s currency rate, the real, rose to R$ 5.01, showing a 0.46% increase. President Lula shared his doubts about a fiscal […]
Brazil’s pepper industry soared to a new high in 2022, hitting a record R$1.5 billion ($300 million) in production value. The Brazilian stats agency IBGE confirms this figure. They recorded a historic harvest of 128,000 tons. Over the last half-century, the nation’s pepper output has increased dramatically. In 1974, farmers planted pepper on 8,000 hectares. […]
