Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: DinoNavarre who wrote (2255)	10/13/2022 1:20:03 AM
From: elmatador	Respond to of 2504

Brazil does not need to fear recession abroad, strong dollar, says Guedes. has its own growth dynamics. Reuters Sept 26 (Reuters) - Brazilian Economy Minister Paulo Guedes said on Monday that the country need not to fear recession abroad or a stronger dollar, arguing that Latin America's largest economy has its own growth dynamics. Speaking to businesspeople at an event in the state of Bahia, he stressed that the country has continental dimensions, is in good fiscal shape and heading towards what may be a 3% expansion this year. Meanwhile, developed economies will face stagflation, in addition to the impacts of the Ukraine war, he said. "They say, well, if there is a recession there (abroad), the price of agricultural products will fall, it will be terrible, Brazil will end. Nothing will end," said the minister. "(With) the dollar a little stronger, as it is now, people engage in domestic tourism, the competitiveness of our industry increases, the competitiveness of our agriculture improves." The U.S. dollar reached 5.40 reais earlier this session, at the highest levels in two months, amid global fears about aggressive monetary tightening and the risk of recession in developed economies. During his speech, Guedes told the audience not to be scared by the "wind outside." "The dollar goes up, the dollar goes down to adjust, but the economy, the dynamics of Brazilian growth is from domestic savings, innovation, technology," he said.

To: DinoNavarre who wrote (2255)	10/13/2022 1:30:04 AM
From: elmatador	1 Recommendation Recommended By DinoNavarre Respond to of 2504

I read this about early August. First, the story was: Farmers are postponing buying waiting for prices to drop. I cross checked with news on the planting season and it was business as usual. Now they are re-selling the cargoes? Let me check on the Brazilian press. WAIT. I June it was already in the cards amigo!

To: DinoNavarre who wrote (2255)	10/13/2022 1:45:13 AM
From: elmatador	Respond to of 2504

Fertilizer crisis threatening Europe Fertilizer prices have risen by 350% and may rise further in the future "The European Commission must determine where we can get the product" By: AGROLINK -Leonardo Gottems Published on 12/10/2022 at 3:39 pm. (Machine translated) EU food prices will skyrocket Commission not taking proactive to deal with the European fertilizer measures measures. This was alerted by Irish representative Markey, who called for the immediate implementation of a strategy to ensure a supplied supply for 2023 fertilizer in line with Aisling O's timing. In an article on www.ie. “In the past, 60% of fertilizers in Europe came from Russia or Ukraine. The reality is that international conflicts and rising energy prices will greatly increase fertilizer supplies, Marki said in a request for discussion at the European Parliament plenary session. – Although this year was difficult, there were still reserves created in the previous year, but in 2023 they no longer exist. Less fertilizer means less food and more fertilizer consequences.” Fertilizer prices have risen by 350% and may rise further in the future. Europe needs to act. Let the European Commission act and make a plan now and not worry about it next spring. ELMAT: Does that mean Brazilians hoarded fertilizer and now selling for a profit? Basically waited for Europe to stop their fertilizers' factories for lack of energy, got price spike and then resell for a profit? The unsustainable Commission also develops by the costs. We know that the current rise in food prices is true to the impact of higher prices and a clear strategy is needed to avoid further inflationary confidence and security to the market. "The European Commission must determine where we can get the product or, alternatively, where we can get the gas, which is an ingredient for the production of fertilizers, in the coming years. A long-term measure of production, effective support for the financial solution to the shift from long-dumping to natural methods, such as long-term, sustainable use for the transformation of natural methods. the clover, but this cannot be done overnight. In the short term, this contingency plan must be put into practice”, concluded the Irish MEP.