Brazilian President Michel Temer announced on Sunday evening that he has ordered further measures to reduce the operating costs of the truck industry to end weeks of protests in South America's largest economy affecting the flow of goods, energy and the country's major exports Country handicapped.
In a televised speech, Temer announced that he had signed three decrees that would directly affect truck drivers in the country, hoping they would now end the hundreds of roadblocks that had protested against high gasoline and diesel prices ,
Temer stresses that the strikers had given everything they asked for. The measures adopted would cost the equivalent of $ 2.7 billion. So far, however, it is not certain that the protests will dissolve.
After seven days of protests there are bottlenecks in the supply of staple foods in Brazil and the supply situation of the population is critical, the daily newspapers report. Hospitals report shortages of medical care and many farms starve to death or are being slaughtered for lack of feed.
Brazil is one of the world's leading exporters of agricultural goods; Association representatives expect delays in processing export orders for soybeans, meat and sugar.
Big cities like Rio de Janeiro have restricted public transport, and many schools and universities are closed today. Petrol stations across the country are barely able to sell gasoline or diesel and the military is escorting convoys to power the ambulances, police cars and public transport buses in most major cities in the country.
Text: HANSA Derivatives Trading GmbH / 
