Brazil’s president Jair Bolsonaro announced on Friday (07) the arrival of a new load from Russia with about 30 million liters of diesel. The ship waits to be unloaded at the Port of Paranaguá. This is the second shipment of Russian diesel at the Brazilian port. The first 35 million liters were already unloaded at the Santos port on October 2. There are other operations in progress. “New cargoes are expected to increase competition and put further downward pressure on fuel prices, ultimately leading to deflation and lower food prices,” said the president. Purchases are expected to increase, according to StoneX.
Source: Noticias Agrícolas (*Translated by Ia Niani)