Haddad Claims Food Prices Will Drop, but Coffee and Eggs Are Concerning

Written by Fabio Lucas Carvalho

Published on 22/03/2025 at 10:36

Updated on 22/03/2025 at 10:41

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The Minister of Finance, Fernando Haddad, said that food prices should fall. However, he expressed concern about two specific items that continue to rise: coffee and eggs, essential on the tables of Brazilians.

The Minister of Finance, Fernando Haddad, stated this Friday (21) that he expects a drop in food prices in the coming months. However, he expressed concern about two specific items: coffee and eggs.

During an interview on the podcast Inteligência Ltda., Haddad highlighted that global demand for coffee has been increasing and this may pressure prices in Brazil. “There are some items that require more caution. For example, the increase in global demand for coffee inspires caution,” he said.

Possible Speculation in the Egg Market

The minister also pointed out possible distortions in the egg market. According to him, although Brazil exports little of this product, the internal price may be affected by other factors.

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Factors That May Help Reduce Prices

Despite the concerns, Haddad maintained an optimistic view of the overall scenario.

He mentioned two points that should help relieve prices: the current harvest of the agricultural crop and the appreciation of the real against the dollar.

According to the minister, these two factors tend to improve the supply of food and reduce import costs, contributing to the decline in prices for consumers.

Lula Stopped Tax on International Purchases of Up to US$ 50

In the same podcast, Haddad also revealed that he attempted to create a tax on international purchases of up to US$ 50 through an ordinance, but was prevented by President Lula.

“This tax could have been charged by my ordinance because import tax is regulatory. It wasn’t done because Lula didn’t let me do it. I’m being sincere, I wanted to do it. We had a meeting and he said: I don’t want to. There is already ICMS and I won’t do that,” he stated.

Haddad explained that the import tax is regulatory and would not require congressional approval. Even so, Lula decided not to move forward with the measure. According to the president, the ICMS would already be sufficient.

The minister also reminded that the collection of ICMS on these purchases was initiated by the governors themselves, including those in opposition. “Who charged tax on the little blouses? It was the 27 governors with ICMS,” he concluded.

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Haddad Claims Food Prices Will Drop, but Coffee and Eggs Are Concerning

The Minister of Finance, Fernando Haddad, said that food prices should fall. However, he expressed concern about two specific items that continue to rise: coffee and eggs, essential on the tables of Brazilians.

Possible Speculation in the Egg Market

Factors That May Help Reduce Prices

Lula Stopped Tax on International Purchases of Up to US$ 50

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Haddad Claims Food Prices Will Drop, but Coffee and Eggs Are Concerning

The Minister of Finance, Fernando Haddad, said that food prices should fall. However, he expressed concern about two specific items that continue to rise: coffee and eggs, essential on the tables of Brazilians.

Possible Speculation in the Egg Market

Factors That May Help Reduce Prices

Lula Stopped Tax on International Purchases of Up to US$ 50

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Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

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The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

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