Brazil’s Institute of Geography and Statistics (IBGE) predicts a record 2023 harvest of 318.1 million tons of grains, legumes, and oilseeds. This is a 20.9% rise from 2022 and a 1.5% uptick from August’s prediction. Farmers plan to harvest 77.8 million hectares, marking a 6.3% year-over-year increase. Compared to August, the area grew by 0.4%. […]
Related Posts
Paraguay’s Central Bank Advances with Careful Rate Cuts
The Central Bank of Paraguay has executed its seventh rate cut since August, aiming to boost economic momentum while keeping inflation in check. This Monday, the rate was adjusted down to 6.25% from 6.5%, continuing the trend from a peak rate of 8.5%. This series of cuts responds to an economic landscape transformed by the […]
Leclerc Ends Ferrari’s Five-Year Drought with Victory at the Italian Grand Prix
On September 1st, Charles Leclerc gave Ferrari a crucial win at the Italian Grand Prix. The race took place at the Monza Circuit, near Milan. This victory was Leclerc’s second of the season. It brought Ferrari back to the top step of the podium at their home race. The last time Ferrari won here was […]
Dollar Rises 3% Weekly Amid Brazilian Fiscal Woes
The Brazilian financial landscape experienced a tumultuous week ending October 11, 2024. The US dollar climbed to R$5.61 ($1), accumulating a notable 2.92% gain over the week. Meanwhile, the Ibovespa stock index retreated, reflecting growing investor unease about Brazil’s fiscal outlook. On Friday, the US dollar closed at R$5.6156, marking a 0.55% increase for the […]