Commodity prices hurt Brazil’s export economy

Global Business

The international prices have a direct impact on Brazil's main exports

Plummeting oil and other commodity prices along with sluggish demand is breaking the bank for many countries. Brazil’s export dependent economy has been hit hard. The cash shortage is now forcing some towns and cities to cancel their annual carnival celebrations.

Commodity exporters in Brazil have seen demand shrink, prices slump and inventories swell. That was the case with iron ore, one of Brazil’s main exports.

CCTV’s Paulo Cabral reports.

Commodity prices hurt Brazil's export economy

Commodity prices hurt Brazil's export economy

Plummeting oil and other commodity prices along with sluggish demand is breaking the bank for many countries. Brazil's export dependent economy has been hit hard. The cash shortage is now forcing some towns and cities to cancel their annual carnival celebrations.


Merk Investments’ Axel Merk on commodity dependent economies

CCTV America’s Rachelle Akuffo spoke with the President and CIO of Merk Investments Axel Merk on commodity slumps.

Merk Investments' Axel Merk on commodity dependent economies

Merk Investments' Axel Merk on commodity dependent economies

CCTV America's Rachelle Akuffo spoke with the President and CIO of Merk Investments Axel Merk on commodity slumps.