Coca-Cola reported a 26.4% year-over-year decline in third-quarter profits. The American oil company’s earnings fell to $2.05 billion. Revenues also dropped by 8.5% to $13.6 billion compared to the same period in 2023. Despite the financial setback, ConocoPhillips exceeded its production targets. The company produced 1.91 million barrels of oil equivalent per day. This marked […]
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Brazil’s Central-South region is expected to produce around 3.54 million tons of sugar in the first half of August, marking a notable increase of 34.4% compared to 2022, per S&P Global Commodity Insights’ recent findings. Brazil leads the world in sugar production, contributing 22% of global supply Beneficial weather conditions during this period are predicted […]
BRICS nations boost Brazilian agribusiness with US$56 billion in purchases; China leads
The coalition formed by Brazil, India, China, Russia, and South Africa, established in 2009, promotes mutual assistance and economic collaboration. In 2022, other BRICS nations purchased Brazilian agribusiness goods worth US$56 billion. This amount equates to 35% of the sector’s total export revenue for that year. Of this, China alone accounted for US$50 billion, marking […]