On Tuesday, both soybean and coffee prices witnessed declines in major markets, driven by improved weather conditions in South America and a strong US dollar. On the Chicago Board of Trade, soybean prices dropped due to beneficial rainfall in Argentina, enhancing the crop outlook and influencing global market prices. Meanwhile, NYSE’s Arabica coffee prices fell […]
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Since Lula took office, gasoline and ethanol prices have skyrocketed across Brazil
Following the transition to Luiz Inácio Lula da Silva’s presidency, a national increase of 12% in gasoline prices has been recorded. Seven states have experienced a surge exceeding 15%, with Amazonas seeing the highest rise of 25%, bringing the cost per liter to R$6.30 (US$1.26 per liter or US$4.76 per gallon). Other significantly affected states […]