Brazil’s Agro-Industry Was Already Shrinking Before the Iran War Made Everything Worse
Key Points — Brazil’s agro-industrial output fell 1.9% in February year-over-year according to the FGV Agro PIMAgro index — critically, this data captures the period before the Iran war began on February 28, meaning the full impact of Hormuz disruptions is not yet reflected — The non-food agro-industrial segment collapsed 5.5%, driven by an 11.5% […] The post Brazil’s Agro-Industry Was Already Shrinking Before the Iran War Made Everything Worse appeared first on The Rio Times.
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Key Points — Brazil’s agro-industrial output fell 1.9% in February year-over-year according to the FGV Agro PIMAgro index — critically, this data captures the period before the Iran war began on February 28, meaning the full impact of Hormuz disruptions is not yet reflected — The non-food agro-industrial segment collapsed 5.5%, driven by an 11.5% […]
The post Brazil’s Agro-Industry Was Already Shrinking Before the Iran War Made Everything Worse appeared first on The Rio Times.
