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Soybean exports from Brazil, the world's leading supplier, are becoming very expensive

Higher diesel prices and deteriorating road conditions have led to higher freight rates. Nevertheless, higher soybean prices could significantly boost Brazil's export earnings.

Corn could also bring more profits to exporters in Brazil. Demand is expected to increase sharply in the coming months amid declining supplies from the Black Sea.

Because of the rise in the price of Brazilian exports, the Brazilian real performed the best in the world relative to the dollar in 2022.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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