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Murray News

As Brazil raises interest rates, credit cooperatives gain ground

They disbursed R$15.5bn in farm loans in July and August, more than private-sector banks 09/15/2022 Corn harvest in Campo Verde, Mato Grosso — Foto: Fernanda Pressinott/Valor Credit cooperatives extended R$15.5 billion to farmers in lines linked to the 2022/23 Crop Plan in the first two months of the season, up 11% year-over-year, and surpassed private-sector banks in terms […]

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15 de September de 2022/by Gelcy Bueno
Murray News

Abiove revises upwards estimates for soy production, exports in 2022

Harvest reached 126.9m tonnes, compared with 126.6m projected in August 09/15/2022 The Brazilian Association of Vegetable Oil Industries (Abiove) has revised upwards estimates for soybean harvest, processing, and exports in 2022. According to new figures released on Wednesday, the harvest reached 126.9 million tonnes, compared with 126.6 million calculated in August. Even so, the result […]

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15 de September de 2022/by Gelcy Bueno
Murray News

Analysis: Forex reserve target may intensify exchange rate fluctuations

Economy Ministry is studying band for volume of reserves 09/14/2022 Rule adds instability to the market because the Central Bank would also become a buyer of foreign currency in a moment of scarcity — Foto: Scott Eells/Bloomberg The eventual adoption of a target for foreign exchange reserves could usher in a procyclical exchange rate policy, […]

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14 de September de 2022/by Gelcy Bueno
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