In Luiz Inácio Lula da Silva’s first year as president, Brazil experienced unprecedented foreign tourism spending. The Central Bank’s Monday report revealed that in 2023, international visitors spent $6.9 billion in Brazil. This figure is the highest since the bank started keeping records in 1995. This spending surpassed the previous high of $6.84 billion in […]
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The global sugar market is bracing for a significant shift as production challenges in Brazil, the world’s largest sugar producer, threaten to create a deficit. Sucres et Denrées (Sucden), a prominent sugar trading company, has forecasted a shortage of nearly 2 million metric tons for the 2024/25 season. Brazil’s sugar production has taken a hit […]
Opinion: Is the EU’s Anti-Deforestation Law Fair?
(Opinion) The EU’s new anti-deforestation law is a well-meant policy. Its goal is to protect crucial forests, like the Amazon. Yet, the law has sparked global concern. Countries like Brazil, Indonesia, and 15 others say it’s unfair and punitive. The law came into effect on June 29. It bans the import of products like palm […]
