Key Points — The US State Department’s narcotics report lists Brazil among major sources of precursor or essential chemicals used to make illicit drugs, alongside China, Argentina, Chile, India, Mexico and others. — The report identifies the PCC as the main transnational threat, present in 22 of Brazil’s 27 states and 16 countries, and names […]

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Key Points — Brazil’s agro-industrial output fell 1.9% in February year-over-year according to the FGV Agro PIMAgro index — critically, this data captures the period before the Iran war began on February 28, meaning the full impact of Hormuz disruptions is not yet reflected — The non-food agro-industrial segment collapsed 5.5%, driven by an 11.5% […]

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