A recent analysis involving 12 experts suggests a notable increase in global raw sugar prices, expected to climb nearly 20% by 2024. This projection is linked to a forecasted deficit in the sugar market for the upcoming season. Predicted year-end prices: 24.5 cents/pound, a modest increase from current levels, significantly surpassing last year’s figures. In […]
Related Posts
China-U.S. Unite Against Fentanyl Crisis
China and the U.S. have recently restarted discussions in Beijing, focusing on the global fentanyl problem. This marks a significant step, as it is the first such initiative since their relations cooled in 2019. The talks, led by U.S. Deputy Homeland Security Adviser Jen Daskal, aimed to tackle the flow of fentanyl jointly and its […]
Angola’s Ambitious Offshore Oil Plans Set for 2028
Angola plans to launch its first offshore oil production in the Kwanza Basin by 2028. The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, announced this milestone. The project boasts estimated reserves of 400 million barrels. At the investment decision ceremony for the Kaminho Block 20 project, Azevedo shared details. The development of the […]
Ibovespa Dips Amid Ambev’s Earnings Miss and US Rate Speculations
The Ibovespa, Brazil’s leading stock index, saw a decline for the second straight day, influenced by Ambev’s earnings falling below market expectations. This drop reflects investors’ reactions to local corporate results and broader economic indicators from the United States. It hints at a possible delay in the anticipated Federal Reserve interest rate cuts until later […]