The export of soybeans from Brazil in February totaled 5.12 million tonnes, slightly lower than the same month last year (5.27 million), but setting the greater volume shipped since July 2019 (7.4 million) according to data released by the Ministry of Economy’s Foreign Trade Secretariat.
Brazil has imported almost 335,000 tons of insecticides, herbicides and fungicides in 2019. The volume is 16% higher than in 2018 and is a record for the historical series begun in 1997, according to data from the Ministry of Economy. The growth in imports follows the growth in sales of agrochemicals in the country.
Eneva sent to the generator AES Tietê, of the North American AES, a proposal for a business combination between the companies that would result in the creation of a “giant in the generation sector” in Brazil. The offer would involve a total of approximately R$6.6 billion ($1.5 billion) , with R$2.75 billion ($610.9 million) in cash and approximately R$3.9 billion ($866.6 million) in Eneva shares.
The estimate for the growth of the Gross Domestic Product (GDP) fell from 2.20% to 2.17% in 2020. The information is contained in the Focus bulletin, a weekly survey by the Brazilian Central Bank (BC), which brings the projections of financial institutions to the main economic indicators. The market estimates that the GDP for the following years, 2021, 2022 and 2023, remain 2.50%.
The risk aversion registered in global markets last week also did not spare Brazilian companies listed on B3. They lost R$361.63 billion ($80.4billion) in market value in the three days that the Brazilian stock exchange was open after Carnival, according to a survey by Economatica. Petrobras was the company that lost the most value in the period: it ended last Friday (28) worth R$ 48.8 billion (10.8 billion) less than a week before.