From January to August, Brazil’s exports revealed soybeans leading with $42 billion, while oil trailed at $25 billion. The data comes from a survey by the magazine Revista Oeste in São Paulo. Each ton of soy averaged $520 in price. In contrast, a ton of oil came to $490. Thus, soy holds greater value. Various […]
Related Posts
Focus: Brazilian Economists Increase Inflation Forecasts Amid Rising Public Spending
Central bankers, led by Roberto Campos Neto, have highlighted the impact of increased public spending on efforts to control inflation. For the fourth consecutive week, Brazilian analysts have raised their inflation expectations for 2024. They now foresee consumer prices rising above the acceptable range, as investors become less concerned about government spending. According to a […]
For the first time, the yuan surpasses the dollar in China’s cross-border transactions
China’s currency, the yuan, has taken a significant stride in cross-border transactions, for the first time becoming the dominant currency in such activities within China, writes Nikkei Asia in its latest report. In the last quarter, it accounted for 49% of these transactions, marking a substantial shift in the nation’s financial landscape. Nikkei analysts point […]