Oil exports from Brazil rise 40% in early May

Oil exports from Brazil reached around 308 thousand tons a day in the first week of May, an increase of 40.4% in comparison with the result of the same month of last year. As a result, Brazil has already exported 1.5 million tonnes in the first five business days of the month, versus 4.8 million in the entire month of May 2019. Shipments from the country remain strong with Petrobras counting on firm demand from China.

Source: Money Times

Financial market reduces again GDP prediction for 2020

The financial market revised for the 13th consecutive week the prediction of a fall in the economy this year. The estimate of retreat in GDP worsened from 3.76% to 4.11%. The estimate appears in the Focus bulletin, published weekly by the Central Bank (BC), with the projection for the main economic indicators. The forecast for GDP growth in 2021 remains at 3.2% and for 2022 and 2023 remains at 2.50%.

Source: Carta Capital

Chicken exports from Brazil fell 4.7% in April

Brazilian chicken meat exports fell 4.7% in April compared to the same period in 2019, but in the accumulated of the first four months of the year, they registered an increase of 5.1% in the volume shipped. Last month, the country exported 343,300 tons of the protein, considered fresh and processed products, compared to 360,100 tons shipped in April of the previous year.

Source: Reuters