Inflation is bad enough when it affects imported and specialty goods. Still, one can survive. What about when it affects food staples like beans?
Through May of this year, the price of beans have risen 33.49%. In the past 12 months, bean prices have risen 41.62%.
While the main ingredient in perhaps Brazil's most famous dish, feijoada, beans are eaten daily by a large portion of Brazilians.
Last week, the country's intern president, Michel Temer announced plans to import beans to lower prices. More specifically, the government is studying ways of reducing taxes and fees of imported beans from China and Mexico.
For more read this article from Globo (in Portuguese) Bean Prices Way Up
Brazil Business News is a blog about business in South America's largest economy. This blog offers opinion pieces about doing business as well as touches on the top trends and issues in business across a wide range of industries and areas, such as industry, agriculture, automotive, technology, energy and more.
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