Analysis: China’s Imports Raise Brazilian Prices of Staples: Black Beans 30%, Rice 20%

The rise is mainly explained by the growing appetite of foreign buyers, and in particular China, in a context of strong depreciation of the Brazilian real against the dollar.

RIO DE JANEIRO, BRAZIL - Black beans are up nearly 30 percent, beef about 40 percent  – Brazilians are facing a skyrocketing rise in food prices, caused by record exports to China and strong domestic demand. This rebound, amid the economic and social crisis caused by the new coronavirus pandemic, has led the president, Jair Bolsonaro, Subscribe to our Premium Membership Plan. Already Subscribed?