1945

From the beginning of the 1952/53 farm year, there were important developments in Latin-American agriculture, some of which reacted adversely upon individual economies. Among such factors were the price decline on the world market, a weakened demand for some commodities, the frosts in Brazil which destroyed a substantial proportion of the coffee crop, droughts in both northern and central Mexico and north-eastern Brazil, and the unusually prolonged rainy season in Ecuador’s principal agricultural area.

Related Subject(s): Economic and Social Development
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