Brazil: Embrapa CiLeite situation note presents complex global challenges to the milk chain

The global economic scenario remains complex and a new challenge arises at every moment. Almost four years ago, the world lived with the Covid pandemic, in an environment of extreme uncertainty that generated greater government spending, inflation and, subsequently, weakening demand. China, which also faces problems in the real estate market, saw its economy grow less, reduced imports and contributed to a drop in commodity prices. In February 2022, the War between Russia and Ukraine began, which is still going on. They are important countries in the fertilizer, fuel and food markets. In a world already full of adversity, the conflict between Israel and Palestine arises, which becomes more complicated every day, and could even trigger greater conflicts, involving other countries. The world lacks strong leadership and institutions, which makes conflict resolution difficult. Given this context, there are still higher interest rates in the United States and Europe, which are dealing ...