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People: Richard Neville, 16th Earl of Warwick
Location: Tamworth Staffordshire United Kingdom

Sugar prices rise in Europe, but Brazilian …

Years: 1540 - 1683
Sugar prices rise in Europe, but Brazilian planters cannot respond and permanently lose their leading market position.

The Dutch and English set up plantations in Suriname and Barbados, taking advantage of the techniques developed in Brazil and their better access to capital, merchant fleets, and the northern European market.

There will be years of recovery (1665-80, 1698-1710), but sugar is no longer the foundation of the Brazilian economy.

Northeastern Brazil enters into a long stagnation, and Portugal, which now depends heavily on Brazil after its losses to the Dutch in the East Indies, watches its economy deteriorate.