Latin one! And in this context in Portuguese, yeah they do translate to that.
But we still see both labels being used, sometimes in the same product. I'm saying label here because I don't think what companies use the word as and what it actually means aligns.
I was now informed by my friend that over here the term biological sometimes refers to more a non-gmo nature of the product, and organic the non use of chemicals. It's still pretty messy with how they used but what she saw defining it tended to that distinction.