The Brazilian city of São Paulo is launching the country’s first cash rebate for international productions which will see qualifying projects with an minimum local spend of $500,000 will be able to access up to $2.5m.
Mega-traders Bunge and Cargill are continuing to export soy from the most deforested municipality in Brazil’s highly threatened Cerrado, despite pledges to end deforestation in their supply chains and reports of a violent land conflict in the region, research from Greenpeace Brazil has established. Read more Source: Unearthed
Brazil’s economy ministry has revised its export figures for the second time in less than a week, casting doubt on key data releases and leaving analysts wondering whether they should still trust the reliability of Brazilian statistics. Doubts surfaced last week when the country’s currency was hit by central bank figures showing a sharp deterioration in Brazil’s current account balance in the period January to October, driven by a slide in exports.