BRAZIL’S NEW PRESIDENT UNDER PRESSURE TO REVAMP BIOFUEL CHAIN
February 11th, 2023
Brazil’s biofuel industry is putting pressure on the country’s new President Luiz Inácio Lula da Silva to make significant reversals to the laissez-faire policies implemented by his right-wing predecessor Jair Bolsonaro to boost the domestic market in 2023. The sector is concerned about a sluggish economy, which the OECD says will grow just 1.2% in 2023 (inflation stands at 5.77% - January figures). But the leftist leader, who has built a broad governing coalition, appears to be delaying any announcements on market intervention until he feels he has secured ...
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