Good morning! Today, a look at the exact impacts of the global fertilizer crisis. Brazil’s push for more trade integration. And what the newest presidential poll tells us.
đ¨ Breaking: Two days after Petrobras announced hikes to diesel prices, the government swapped out its Mines and Energy Minister. President Jair Bolsonaro was disgruntled with the outgoing Bento Albuquerque as he failed to convince the oil giant to hold its prices steady.
- New guy. The department will now be led by Adolfo Sachsida, previously one of the top officials within the Economy Ministry.
- Why it matters. Almost two-thirds of Brazilians favor some sort of intervention to tame fuel price hikes. Trailing in the presidential race, Jair Bolsonaro must create feel-good factors to improve his re-election chances â or at least show voters he is doing everything in his power to do that.
đ Brazilian consumer prices rose by 1.06 percent in April, the country’s official statistics agency reported just now. The 12-month rate is now at 12.13 percent. Food products and transportation costs were the main inflation drivers.
The real impacts of the fertilizer crisis on Brazil
When war broke out in Ukraine in February, Brazil’s fertilizer stocks were good...