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Brazil's currency got too strong
The Brazilian Real, the country's currency, has got too strong. At this moment, nearly R$ 3.15 values US$ 1. This means that, if the Real keeps this value or even stronger, that can hurt Brazilian exports. From now, everything will depend on how strong politically is president Michel Temer and how successful are the economic reforms. The Real got stronger as a result of more economic confidence right after Temer took power, replacing Dilma Rousseff.
What do you think on that? At this time, the second corn crop harvest is finishing.
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Re: Brazil's currency got too strong
A race to the bottom is better?
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Re: Brazil's currency got too strong
That is big issue regarding competitiveness. The price of gas, for instance, in Brazil is over R$ 3.60 per liter (1/4 of a gallon). It is a lot.
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Re: Brazil's currency got too strong
good for ethanol production/consumption, correct??
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Re: Brazil's currency got too strong
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Re: Brazil's currency got too strong
About 50%.
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Re: Brazil's currency got too strong
Yes, there might be an improvement for ethanol.