CNA projects Mercosur-Canada agreement could increase Brazilian exports by $7.8 bn

The Confederation of Agriculture and Livestock of Brazil (CNA) estimates that the conclusion of a free trade agreement between Mercosur and Canada has the potential to increase the revenue from Brazilian exports of agricultural products by $7.8 billion. In 2019, trade in agricultural and livestock products with Canada was $628.7 million.

Source: Valor Investe

Brazil’s average sugar export soars by 85%

Brazil’s sugar exports increased by 85%, with average shipments per working day totalling 146,400 tons compared to 79,800 tons in July 2019, according to federal government data released by the Foreign Trade Secretariat (Secex). As a result, the country already exported 2.63 million tons of sugar in July, a volume higher than the total of 1.82 million tons shipped in the same month of 2019.

Source: Noticias Agricolas

Brazil’s crude steel production drops 17.9%

Brazilian crude steel production fell 17.9% in the first half of this year, reaching 14.219 million tons against 17.324 million tons in the same period of last year. The drop was attributed to the 13 blast furnaces paralysed as a result of the new coronavirus pandemic, said Marco Polo de Mello Lopes, executive president of the Brazil Steel Institute, in a virtual press conference.

Source: Agencia Brasil