Day: July 14, 2020

Brazil’s coffee exports close 2nd largest volume in history

Total exports of coffee from Brazil (green and industrialised) in 2019/20 amounted to 39.9 million 60-kg bags, a fall of 3.6% compared to the previous cycle, the Council of Coffee Exporters of Brazil (Cecafé) reported. Despite the decline, the result represents the second largest volume shipped in history, behind only the 2018/19 season.

Brazil sees up to 10 GW in new nuclear power by 2050

The Brazilian government has projected the construction of up to 10 GW in new nuclear power plants by 2050 in a long-term plan for the energy sector, which also points to the re-powering of old hydroelectric plants as a way of expanding the supply of generation. According to PNE 2050, the government will seek to insert between 8 GW and 10 GW in new nuclear power plants in the next three decades.

Cotton: 80% of Brazilian production is sustainable

Actions of the Responsible Brazilian Cotton Program (ABR), from Abrapa, shows that all cotton produced in Brazil, 80% is sustainable in terms of production. The ABR certification list has 178 items to be followed by the producer and all these efforts has led Brazil to be the largest supplier of sustainable cotton in the world, being responsible for 1/3 of all world production.

Brazil reaches 6 GW in solar power capacity

Brazil has exceeded the mark of 6 GW of installed capacity in photovoltaic plants, a total investment estimated at R$ 31 billion ($ 6bn), announced Absolar in a statement. The total of investments planned up to 2025 for projects already contracted in energy auctions exceed R$ 25.8 billion ($ 4.9bn).

Itaú releases $ 711 mm in Pronampe credit

Itaú Unibanco has made all available resources for the Pronampe credit line, created to help micro and small businesses affected by the new coronavirus. In all, 37,000 micro and small business customers of the private bank received a total of R$ 3.7 billion ($ 711 mm). According to the bank, in just half an hour of provision the institution finished 100 % of the volume available for the credit line.