The Brazilian government facing the inflationary challenge, as in most of the rest of the world, and particularly when it comes to food prices and the millions of Brazilians who survive on a daily ration, has decided to temporarily reduce tariffs on eleven products. The decree came into effect on May 12 and will continue until the end of the year.
A few weeks before Jakarta announced that it would ban the export of palm oil, officials of a party backing President Joko Widodo urged Indonesians to start boiling, steaming and roasting food instead of frying them as the price of edible oil surged, according to a Bloomberg report. Rising food…
Brazil exports hit record high in March on commodity prices, war ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Brazil posted record monthly exports and imports in March on the back of a surge in global commodity prices fueled by the Russian invasion of the Ukraine.
Exports rose almost 20% from the same month a year ago to $29.