IBOV 177,118.69 ▼ 0.49% IPSA 11,002.99 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,890.85 — — USD/BRL5.08▲ 0.03% USD/MXN17.31— 0.00% USD/CLP924.63▼ 0.69% USD/COP3,228▲ 0.77% USD/PEN3.38▼ 0.34% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.13▲ 0.24% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.84▼ 0.35% BRENT 84.04 ▼ 6.75% WTI 79.78 ▼ 5.78% IRON ORE 161.91 — — COPPER 6.52 ▲ 1.29% GOLD 4,093 ▲ 1.08% SILVER 57.56 ▼ 0.06% SOY 1,190 ▲ 1.49% CORN 469.50 ▲ 6.52% WHEAT 649.00 ▲ 1.53% COFFEE 320.80 ▼ 3.40% SUGAR 14.91 ▲ 1.71% ORANGE JUICE 156.00 ▲ 0.68% COTTON 81.39 ▲ 1.11% COCOA 5,888 ▲ 9.10% BEEF 228.78 ▼ 1.28% CATTLE 346.33 ▼ 0.49% LITHIUM 69.17 ▼ 0.07% PETR4 42.96 ▼ 1.06% VALE3 74.28 ▼ 2.62% ITUB4 43.02 ▲ 0.35% BBDC4 18.47 ▲ 0.32% ABEV3 15.95 ▼ 0.25% BBAS3 21.24 ▼ 0.52% B3SA3 15.61 ▼ 0.76% WEGE3 47.75 ▲ 1.17% PRIO3 58.91 ▼ 3.19% SUZB3 43.28 ▼ 0.09% RENT3 37.79 ▲ 0.48% AZZA3 15.99 ▼ 2.62% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.68 ▲ 3.47% GMAT3 3.99 ▼ 0.99% PSSA3 54.65 ▼ 0.09% CVCB3 1.36 ▲ 3.82% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.44 ▲ 0.72% BRKM5 5.94 ▼ 0.50% RANI3 8.23 ▲ 1.48% CSNA3 4.46 ▼ 7.85% CMIN3 5.65 ▼ 1.05% USIM5 7.45 ▲ 1.22% GGBR4 24.97 ▼ 0.04% ENEV3 26.71 ▲ 1.52% CPFE3 45.87 ▼ 0.59% CMIG4 11.19 ▼ 1.32% EQTL3 38.72 ▲ 0.16% LREN3 13.89 ▲ 2.13% VIVT3 32.36 ▼ 0.83% RAIL3 14.14 ▼ 2.08% KLABIN 18.19 ▼ 0.33% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.36 ▼ 0.81% HAPV3 11.61 ▲ 2.93% FLRY3 17.27 ▲ 0.76% SMTO3 14.55 ▲ 0.21% UGPA3 32.88 ▼ 0.51% VBBR3 36.06 ▲ 0.03% BBSE3 41.52 ▲ 0.63% BPAC11 56.92 ▲ 0.21% CURY3 31.04 ▲ 3.16% AERI3 2.17 ▲ 0.93% VIVARA 22.51 ▲ 1.49% COMPASS 24.71 ▼ 0.52% VAMOS 3.29 ▼ 1.50% SANB11 28.69 ▲ 0.24% ASAI3 8.48 ▼ 0.24% SBSP3 27.25 ▼ 1.62% WALMEX 50.23 ▼ 0.04% GMEXICO 210.87 ▲ 1.52% FEMSA 218.40 ▼ 1.38% CEMEX 20.65 ▲ 0.68% GFNORTE 198.81 ▼ 0.88% BIMBO 61.75 ▼ 0.34% TELEVISA 9.61 ▼ 2.04% AMX 21.74 ▼ 1.50% GAP 373.86 ▼ 0.71% ASUR 277.17 ▲ 0.56% OMA 229.77 ▼ 0.67% KOF 186.58 ▼ 0.36% GRUMA 261.48 ▲ 1.26% KIMBER 40.11 ▼ 0.22% SQM-B 62,126 ▼ 0.92% COPEC 6,303 ▼ 0.74% BSANTANDER 79.90 ▼ 1.35% FALABELLA 6,240 ▲ 0.39% ENELAM 87.77 ▼ 0.25% CENCOSUD 1,952 ▼ 0.15% CMPC 1,060 ▲ 0.47% BANCO CHILE 190.00 ▼ 1.92% LATAM AIR 25.26 ▲ 2.10% YPF 8,220 ▼ 0.84% GGAL 7,955 ▲ 0.93% PAMPA 5,510 ▼ 0.81% TXAR 656.00 ▼ 0.53% ALUAR 964.00 ▼ 1.38% TGS 9,975 ▼ 0.75% CEPU 2,378 ▼ 0.75% MIRGOR 16,150 ▼ 1.22% COME 43.50 ▼ 1.20% LOMA NEGRA 3,563 ▼ 1.59% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.65 ▼ 0.75% BANCOLOMBIA 91.18 ▼ 1.45% GRUPO AVAL 5.27 ▼ 0.19% CREDICORP 399.77 ▼ 0.20% SOUTHERN COPPER 184.97 ▲ 1.24% BUENAVENTURA 30.15 ▼ 0.43% MERCADOLIBRE 1,890 ▲ 0.65% NUBANK 14.40 ▲ 0.49% XP 17.06 ▲ 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.28 ▼ 0.84% GLOBANT 37.03 ▲ 1.17% TECNOGLASS 45.21 ▲ 4.07% GAP AIRPORT 215.87 ▼ 0.68% ASUR 277.17 ▲ 0.56% OMA AIRPORT 105.71 ▼ 1.12% AMX ADR 25.06 ▼ 1.14% FEMSA ADR 125.64 ▼ 1.84% CEMEX ADR 11.90 ▲ 0.68% PETROBRAS ADR 19.15 ▼ 1.29% VALE ADR 14.55 ▼ 3.42% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.10 ▼ 0.32% CSN 0.90 ▼ 9.17% GERDAU 4.94 ▼ 0.40% LATAM ADR 54.54 ▲ 3.37% BTC 63,675 ▲ 0.30% ETH 1,862 ▼ 1.07% SOL 73.59 ▲ 0.19% XRP 1.08 ▼ 0.06% BNB 592.08 ▲ 0.77% ADA 0.19 ▲ 2.98% DOGE 0.07 ▼ 0.37% AVAX 6.51 ▼ 0.48% LINK 8.24 ▼ 1.49% DOT 0.82 ▲ 3.29% LTC 44.31 ▼ 0.73% BCH 211.05 ▼ 0.69% TRX 0.33 ▲ 0.74% XLM 0.17 ▼ 1.57% HBAR 0.07 ▲ 0.26% NEAR 1.74 ▲ 1.66% ATOM 1.34 ▲ 5.94% AAVE 93.68 ▲ 1.83% SELIC 14.25% EMBRAER 89.54 ▲ 3.05% EMBRAER ADR 70.44 ▲ 3.08% JBS 13.91 ▼ 0.82% JBS BDR 70.62 ▼ 0.11% MBRF3 17.62 ▲ 0.46% MBRFY 3.42 ▼ 0.58% INTER 5.56 ▼ 0.80% IBOV 177,118.69 ▼ 0.49% IPSA 11,002.99 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,890.85 — — USD/BRL 5.08 ▲ 0.03% USD/MXN 17.31 ▲ 0.00% USD/CLP 925.08 ▼ 0.65% USD/COP 3,228 ▲ 0.77% USD/PEN 3.38 ▼ 0.34% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.13 ▲ 0.24% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.84 ▼ 0.35% BRENT 84.04 ▼ 6.75% WTI 79.78 ▼ 5.78% IRON ORE 161.91 — — COPPER 6.52 ▲ 1.29% GOLD 4,093 ▲ 1.08% SILVER 57.56 ▼ 0.06% SOY 1,190 ▲ 1.49% CORN 469.50 ▲ 6.52% WHEAT 649.00 ▲ 1.53% COFFEE 320.80 ▼ 3.40% SUGAR 14.91 ▲ 1.71% ORANGE JUICE 156.00 ▲ 0.68% COTTON 81.39 ▲ 1.11% COCOA 5,888 ▲ 9.10% BEEF 228.78 ▼ 1.28% CATTLE 346.33 ▼ 0.49% LITHIUM 69.17 ▼ 0.07% PETR4 42.96 ▼ 1.06% VALE3 74.28 ▼ 2.62% ITUB4 43.02 ▲ 0.35% BBDC4 18.47 ▲ 0.32% ABEV3 15.95 ▼ 0.25% BBAS3 21.24 ▼ 0.52% B3SA3 15.61 ▼ 0.76% WEGE3 47.75 ▲ 1.17% PRIO3 58.91 ▼ 3.19% SUZB3 43.28 ▼ 0.09% RENT3 37.79 ▲ 0.48% AZZA3 15.99 ▼ 2.62% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.68 ▲ 3.47% GMAT3 3.99 ▼ 0.99% PSSA3 54.65 ▼ 0.09% CVCB3 1.36 ▲ 3.82% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.44 ▲ 0.72% BRKM5 5.94 ▼ 0.50% RANI3 8.23 ▲ 1.48% CSNA3 4.46 ▼ 7.85% CMIN3 5.65 ▼ 1.05% USIM5 7.45 ▲ 1.22% GGBR4 24.97 ▼ 0.04% ENEV3 26.71 ▲ 1.52% CPFE3 45.87 ▼ 0.59% CMIG4 11.19 ▼ 1.32% EQTL3 38.72 ▲ 0.16% LREN3 13.89 ▲ 2.13% VIVT3 32.36 ▼ 0.83% RAIL3 14.14 ▼ 2.08% KLABIN 18.19 ▼ 0.33% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.36 ▼ 0.81% HAPV3 11.61 ▲ 2.93% FLRY3 17.27 ▲ 0.76% SMTO3 14.55 ▲ 0.21% UGPA3 32.88 ▼ 0.51% VBBR3 36.06 ▲ 0.03% BBSE3 41.52 ▲ 0.63% BPAC11 56.92 ▲ 0.21% CURY3 31.04 ▲ 3.16% AERI3 2.17 ▲ 0.93% VIVARA 22.51 ▲ 1.49% COMPASS 24.71 ▼ 0.52% VAMOS 3.29 ▼ 1.50% SANB11 28.69 ▲ 0.24% ASAI3 8.48 ▼ 0.24% SBSP3 27.25 ▼ 1.62% WALMEX 50.23 ▼ 0.04% GMEXICO 210.87 ▲ 1.52% FEMSA 218.40 ▼ 1.38% CEMEX 20.65 ▲ 0.68% GFNORTE 198.81 ▼ 0.88% BIMBO 61.75 ▼ 0.34% TELEVISA 9.61 ▼ 2.04% AMX 21.74 ▼ 1.50% GAP 373.86 ▼ 0.71% ASUR 277.17 ▲ 0.56% OMA 229.77 ▼ 0.67% KOF 186.58 ▼ 0.36% GRUMA 261.48 ▲ 1.26% KIMBER 40.11 ▼ 0.22% SQM-B 62,126 ▼ 0.92% COPEC 6,303 ▼ 0.74% BSANTANDER 79.90 ▼ 1.35% FALABELLA 6,240 ▲ 0.39% ENELAM 87.77 ▼ 0.25% CENCOSUD 1,952 ▼ 0.15% CMPC 1,060 ▲ 0.47% BANCO CHILE 190.00 ▼ 1.92% LATAM AIR 25.26 ▲ 2.10% YPF 8,220 ▼ 0.84% GGAL 7,955 ▲ 0.93% PAMPA 5,510 ▼ 0.81% TXAR 656.00 ▼ 0.53% ALUAR 964.00 ▼ 1.38% TGS 9,975 ▼ 0.75% CEPU 2,378 ▼ 0.75% MIRGOR 16,150 ▼ 1.22% COME 43.50 ▼ 1.20% LOMA NEGRA 3,563 ▼ 1.59% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.65 ▼ 0.75% BANCOLOMBIA 91.18 ▼ 1.45% GRUPO AVAL 5.27 ▼ 0.19% CREDICORP 399.77 ▼ 0.20% SOUTHERN COPPER 184.97 ▲ 1.24% BUENAVENTURA 30.15 ▼ 0.43% MERCADOLIBRE 1,890 ▲ 0.65% NUBANK 14.40 ▲ 0.49% XP 17.06 ▲ 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.28 ▼ 0.84% GLOBANT 37.03 ▲ 1.17% TECNOGLASS 45.21 ▲ 4.07% GAP AIRPORT 215.87 ▼ 0.68% ASUR 277.17 ▲ 0.56% OMA AIRPORT 105.71 ▼ 1.12% AMX ADR 25.06 ▼ 1.14% FEMSA ADR 125.64 ▼ 1.84% CEMEX ADR 11.90 ▲ 0.68% PETROBRAS ADR 19.15 ▼ 1.29% VALE ADR 14.55 ▼ 3.42% ITAU ADR 8.46 — 0.00% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.10 ▼ 0.32% CSN 0.90 ▼ 9.17% GERDAU 4.94 ▼ 0.40% LATAM ADR 54.54 ▲ 3.37% BTC 63,675 ▲ 0.30% ETH 1,862 ▼ 1.07% SOL 73.59 ▲ 0.19% XRP 1.08 ▼ 0.06% BNB 592.08 ▲ 0.77% ADA 0.19 ▲ 2.98% DOGE 0.07 ▼ 0.37% AVAX 6.51 ▼ 0.48% LINK 8.24 ▼ 1.49% DOT 0.82 ▲ 3.29% LTC 44.31 ▼ 0.73% BCH 211.05 ▼ 0.69% TRX 0.33 ▲ 0.74% XLM 0.17 ▼ 1.57% HBAR 0.07 ▲ 0.26% NEAR 1.74 ▲ 1.66% ATOM 1.34 ▲ 5.94% AAVE 93.68 ▲ 1.83% SELIC 14.25% EMBRAER 89.54 ▲ 3.05% EMBRAER ADR 70.44 ▲ 3.08% JBS 13.91 ▼ 0.82% JBS BDR 70.62 ▼ 0.11% MBRF3 17.62 ▲ 0.46% MBRFY 3.42 ▼ 0.58% INTER 5.56 ▼ 0.80%
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Agri Business Analysis

Lula’s Efforts to Win Over Brazilian Farmers Fall Short

By · July 5, 2024 · 2 min read

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(Analysis) Brazilian President Luiz Inácio Lula da Silva recently unveiled a record crop financing plan worth 400 billion reais ($73 billion).

This strategy, which once made him highly popular, aims to boost the economy and gain support from the agricultural sector.

However, 18 months into his second term, Lula faces significant challenges in a polarized political environment.

His approval ratings have plummeted below 40%, a stark contrast to the over 80% approval he enjoyed at the end of his first presidency in 2010.

His ambitious agenda has stalled in a conservative Congress resistant to his methods.

With October elections nearing, Lula’s crop plan likely won’t sway the right-leaning agribusiness sector.

Agribusiness leader Pedro Lupion says farmers oppose Lula’s support for the Landless Workers’ Movement and indigenous land rights.

Lula's Efforts to Win Over Brazilian Farmers Fall Short. (Photo Internet reproduction)
Lula’s Efforts to Win Over Brazilian Farmers Fall Short. (Photo Internet reproduction)
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Agriculture has become a global political battleground. Farmers worldwide, reacting to economic transitions driven by climate change, have increasingly backed right-wing movements.

This trend has impacted Lula, who once enjoyed strong ties with the agricultural sector during the commodity boom of his first presidency.

Lula’s Efforts to Win Over Brazilian Farmers Fall Short

Agriculture remains vital to Brazil, accounting for 24% of GDP, 50% of exports, and a quarter of the jobs.

However, under former President Jair Bolsonaro, these ties were severed as Bolsonaro aligned closely with the sector on various conservative issues.

Rebuilding connections has been hard for Lula, who narrowly beat Bolsonaro in 2022 with an environmental and economic platform.

Lula has attempted to bridge the gap by including agribusiness leaders in trade missions and setting record crop financing levels.

However, his criticisms of the sector, especially regarding the 2023 insurrection attempt and indigenous land rights, have fueled opposition.

The agribusiness caucus has pledged to fight Lula’s agenda in Congress, further complicating his efforts.

Recent actions, including a controversial fiscal proposal by Finance Minister Fernando Haddad, have strained relations with the agricultural sector.

Although the Senate blocked the proposal, the damage was done, eroding trust in Lula’s administration.

Lula has time to recover before the 2026 presidential elections, but current struggles suggest a challenging path ahead.

The global rise of right-wing leaders, like Argentine libertarian Javier Milei, indicates shifting political winds that could further complicate Lula’s efforts.

This weekend, Milei will attend a conservative rally in Brazil, underscoring the growing strength of the right in the region.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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