Brazil Machinery Sales Slump 17% as High Rates Bite

Key Points — Net revenue from machinery and equipment sales fell 17% year-on-year in January to R$17.3 billion ($3.1 billion), with domestic sales down 19%, driven by Brazil’s 15% benchmark interest rate — Farm machinery faces a projected 5% sales decline in 2026, with the Iran war adding uncertainty to fuel and input costs — […]