Reported 2 days ago
Brazil's agricultural sector is poised to benefit from heightened Chinese demand for commodities, as U.S. tariffs on Chinese goods prompt China to seek imports from Brazil. While this trend could enhance Brazil's exports of soybeans and meat, it also risks exacerbating domestic food inflation, which has already seen significant increases. With rising prices affecting President Lula's popularity, the government is seeking solutions to mitigate the impact of escalating costs on consumers.
Source: YAHOO