IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL5.07▼ 0.01% USD/MXN17.31▼ 0.22% USD/CLP930.47▼ 0.07% USD/COP3,203▲ 1.65% USD/PEN3.39▼ 0.07% USD/ARS1,485▼ 0.03% USD/UYU40.20▲ 1.25% USD/PYG5,931▲ 1.14% USD/BOB12.10▲ 4.29% USD/DOP57.99▲ 0.24% USD/CRC448.40▲ 1.33% USD/GTQ7.62▲ 2.25% USD/HNL26.76▲ 1.53% USD/NIO 36.62 — 0.00% USD/VES744.76▼ 0.41% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.37% USD/TTD6.72▲ 0.86% EUR/BRL5.86▲ 0.23% BRENT 90.12 ▲ 1.22% WTI 84.67 ▲ 1.29% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.33% GOLD 4,107 ▲ 0.17% SILVER 57.79 ▼ 1.75% SOY 1,188 ▲ 0.87% CORN 464.00 ▲ 4.09% WHEAT 639.25 ▼ 3.65% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 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RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 — 0.00% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 — 0.00% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA 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Brazil Business - Brazil

Farmers in India Protest Against Bolsonaro’s Presence: “Corrupt and Repressive”

By · January 20, 2020 · 3 min read

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RIO DE JANEIRO, BRAZIL – Indian rural producers launched a campaign last weekend against the presence of Brazilian President Jair Bolsonaro at the Republic of India Day celebrations, due to take place on January 26th.

The action #GoBackBolsonaro was launched by the Federation of Sugarcane Producers of India and has the support of All India Kisan Sabha, the largest farmers lobby in the country, founded in 1936.

Bolsonaro will embark for India next Friday, January 24th, at the invitation of Prime Minister Narendra Modi, who is also of the extreme right.
Bolsonaro will board to India next Friday, January 24th, at the invitation of Prime Minister Narendra Modi, also a far-right politician. (Photo internet reproduction)
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The slogan in repudiation of Bolsonaro’s presence will be displayed on black banners and flags displayed over the cultivated areas. The purpose of the campaign is to demand the withdrawal of the invitation made to Bolsonaro by the Indian government to attend the celebration.

“Our protest will also be an act of solidarity in support of the Brazilian people, who protest against their corrupt and repressive regime,” the federation said in a statement.

Bolsonaro will board to India next Friday, January 24th, at the invitation of Prime Minister Narendra Modi, also a far-right politician. Republic Day is a celebration of the date when the Indian Constitution came into force in 1950.

Motivations

The protest of the Indian farmers is politically and economically motivated.

The first part of the note released by the sugarcane producers’ federation states that Bolsonaro “adheres to a far-right-wing ideology” and is “increasingly authoritarian”.

“We are witnessing his destructive and exploitative policies in Brazil, including the opening of doors to corporate plundering of the Amazon rainforest,” reads the campaign’s launch text.

From an economic perspective, Indian farmers claim that the Brazilian government’s stance at the World Trade Organization (WTO) directly affects their livelihoods.

Brazil, Australia and Guatemala have questioned the Indian government’s protectionist measures at the WTO to benefit sugarcane producers. The argument is that the subsidy granted by India exceeds the limit allowed internationally.

On the other hand, the farmers claim that the calculation basis used by these countries considers the import and export values of the 1980s, ignoring the inflation of the period.

Indian rural producers launched a campaign last weekend against the presence of Brazilian President Jair Bolsonaro at the Republic of India Day celebrations, due to take place on January 26th.
Indian rural producers launched a campaign last weekend against the presence of Brazilian President Jair Bolsonaro at the Republic of India Day celebrations, due to take place on January 26th. (Photo internet reproduction)

To support their claim, Indian farmers mention in the campaign’s launch note that they have not received the minimum subsidies provided for in the country’s legislation – called fair prices and remuneration – from the local government.

“If the WTO takes a decision against India, (…) local production will drop and we will be pushed to import sugar,” says the federation. “In the absence of current support policies, the sugar cane sector, which employs more than 50 million farmers and more than 500,000 workers in sugar mills, could face imminent collapse,” it cautions.

Sugar will be one of the key issues of Bolsonaro’s visit to India. Last week, the Brazilian president met with representatives of the Sugarcane Industry Union (UNICA), which comprises ruralists in the sector.

During the meeting, he said Brazil is studying ways to support India in strengthening its ethanol program, including ways to increase biofuel production and its blending with gasoline, which could reduce sugar stocks in the Asian country and boost sugar prices on the international market.

The volume of sugar exported by Brazil in July 2019 was at its lowest in five years – about 28 percent less than last year and 63 percent less than in 2017.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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