Brazil: Cartels want to increase goods price

Cartels struggle in Brazil against the reduction of food and oil prices, according to a report by A Nova Democracia.

The Brazilian Association of Supermarkets (Abras) blackmailed the government after a noise raised suspicions that Luiz Inacio’s (PT) economic team would implement a price regulation policy.

The fear of the big bourgeois was that the government implement a policy of price limitation and exports regulations. The government soon tried to clarify that it would do nothing alike. Even though e.g. meat, food that should be basic, rose 8.02%, mainly because the big landlords prefer to export meat.

The oligarchs suggested as an alternative the sale of expired food to the people, the reduction of the deadline and the reduction in the cost of food vouchers.

The government capitulated to the billionaires and announced that it will neither regulate prices, nor impose restrictions on exports.

At the same time, the oil cartel is also dissatisfied. The Brazilian Association of Fuel Importers (Abicom), which brings together millionaires in the oil industry, including owners of private refineries, states that the price of fuel in Brazil needs to rise.

But, it turns out that the Brazilian fuel is not cheap: gasoline was the item that was most discharged by 2024. In addition, Brazilian oil is negotiated in dollars, which already equates the price of national fuel and that of the international market.

What the tycoons want to do is raise profit, even with exorbitant profits already won. Petrobras itself profited R$ 53.65 billion (more than 9 billion USD) in 2024.

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