The Cepea/Irga-RS Index for February unveiled a substantial 14.24% reduction in the cost of paddy rice, positioning the average price at R$112.79 for each 50 kg bag. This noteworthy fall from January’s valuation nonetheless maintains rice prices 29.3% higher than those of February 2023, once adjusted for inflation per the January 2024 IGP-DI. Price declines […]
Related Posts
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 […]
Apollo the robot joins Mercedes-Benz assembly line production
You just knew this was coming. No doubt, you’ve heard about the staffing shortages in factories. And guess what? The solution seems to be robots. At Mercedes-Benz Manufacturing in Hungary, they’ve swapped out some of their human workers for humanoid robots right there on the factory floor. These futuristic robots are produced by Apptronik, a […]
Brazil-China Coffee Trade Booms in 2023
In 2023, Brazil’s coffee exports to China dramatically increased by 221 percent from January to November. The Council of Coffee Exporters (Cecafé) revealed this on Monday. In these eleven months, China imported an impressive 1,151,768 bags of Brazilian coffee, each weighing 60 kilograms. Brazil is recognized as the world’s leading coffee exporter and producer. Cecafé’s […]