China’s impact on poor Brazilians: prices of staples skyrocket, black beans 30%, rice 20%

China's impact on poor Brazilians: prices of staples skyrocket, black beans 30%, rice 20%

Black beans are up nearly 30%, beef about 40% – Brazilians are facing a skyrocketing rise in food prices, caused by record exports to China and strong domestic demand. This rebound, amid the economic and social crisis caused by the new coronavirus pandemic, has led the president, Jair Bolsonaro, to ask the owners of supermarkets to show “patriotism” and “keep their profit margin as low as possible”.

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