Brazil aims to double its cocoa production to 400,000 tons by 2030 through the Inova Cocoa 2030 Plan. Industry experts believe this goal is achievable, given the potential for productivity gains and increased farm investments. Currently, Brazil produces about 200,000 tons of cocoa annually, less than 5% of global production. This places the country behind […]
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Dominican Republic opens doors to Brazilian beef and pork as global exports grow
Brazil, a major global meat exporter, welcomed the Dominican Republic’s decision to open its market to Brazilian beef and pork. Considering the Dominican Republic stands as the second-largest economy in Central America and the Caribbean and has an annual meat demand nearing 120,000 tons, it offers a substantial market for Brazilian meats. The Brazilian Ministry […]
Brazilian Central Bank Curbs Dollar Surge with Swap Auctions
On a day when U.S. markets paused, the Brazilian Real saw a slight resurgence against the U.S. dollar, which closed at R$5.6148, marking a 0.36% decline. This shift broke the dollar’s recent upward trend as September commenced. Typically, the dollar’s performance is reflected against a basket of six major currencies through the DXY index, which […]
