Impacts of floods in RS

Estado de Minas

May 8, 2024

Beyond the humanitarian aspect, it is imperative to consider the economic interest involved, which affects not only local producers but also the country's economy.

Cristiano Oliveira - Associate Professor at the Federal University of Rio Grande and Head of Research at Rivool Finance

The current floods in the state of Rio Grande do Sul are having a significant impact not only on Brazil's grain production and export in 2024 but also on the national economy as a whole. Since April 27, the state has been hit by persistent and heavy rains, with some areas recording extraordinarily high levels. These extreme weather events are triggering a series of challenges for the region, with potential repercussions extending beyond the state's borders, affecting national markets and potentially shaking the economic stability of the country.