Agro exports reach $77.9 billion from January to September

The Brazilian agribusiness exportations were $77,9 bn from January to September of this year, a 7,5% high in relation to the same period last year. Imports totalized $9,2 bn. Thus, the agribusiness obtained a record surplus of $ 68.7 bn for the accumulated nine months, according to the Confederation of Agriculture and Livestock of Brazil (CNA).

Source: Portal Agronegocio

São Paulo announces $1 bn investment in railroads

The São Paulo government announced investments of R$ 6 billion ($1 bn) to restructure the state’s railroad network.  The undertaking will be realised by Rumo Logistica Group and will attend 72 cities of São Paulo. Among the planned works are the recovery of two branches that were deactivated: Colombia-Pradópolis (185.6 km) and Panorama-Bauru (369.1 km), towards the Port of Santos.

Source: Money Times

Hydroelectric plants will have an extra year in concessions

With a task force that included calculations of the last holiday, the CCEE concluded this week the preliminary calculations of the extension of the concession term of the hydroelectric plants with contracts in the free market and with debts related to hydrological risk. The calculations project an extension of 423 concessions with an average of 500 days

Source: Energia Hoje

Economic recovery plan in SP is expected to attract $6.5 bn in investments

The governor of São Paulo, João Doria announced the launch of an economic recovery plan with the forecast of investments of R$ 36 billion ($6.5 bn) in the next two years and an estimated generation of 2 million jobs in four years. It is the most audacious economic development plan ever carried out in São Paulo, said the governor.

Source: Reuters

Businesses that innovated had smaller losses, points out Sebrae

One in four small business owners has implemented some innovation since the beginning of the crisis caused by the new coronavirus. According to research by Sebrae, entrepreneurs who have developed innovative practices in their businesses have had more success in improving the level of revenues. While the small innovative businesses registered a loss of 32%, the companies that did not innovate had a 39% loss.

Source: Valor Investe

Government zero-tax on soy and corn imports

The world’s largest exporter of soybeans, Brazil has decided to suspend the collection of import taxes on the grain, as well as soy bean and oil, until January 15, 2021. The decision of the Foreign Trade Chamber (Camex), of the Ministry of Economy, also applies to the importation of corn, whose import tax rate will be zeroed until March 31 of next year, as a way to contain the high price of food in the country.

Source: Agencia Brasil