My British Empire - Chapter 482: privateer license

... and the Ottoman Empire, established the hegemony of the Red Sea, and monopolized the spice trade in the East.

The spice business in Portugal is booming.

Every year, Portugal exports more than 20,000 cwt (50.8 kg) of spices to Europe, and the price per cwt ranges from 50 to 100 duerts. That is to say, the annual trade volume of Portugal reaches Millions of Duert.

The specific income cannot be tested, but the Portuguese royal family has an annual net profit of 500,000 Duer ...