Brazil has registered a record volume of adhesions to the free energy market, an environment in which companies can negotiate prices and conditions directly with generation companies or traders. The Chamber of Commerce of Electric Energy (CCEE), has seen a strong pace of migration of companies to the niche, with about 130 monthly adhesions.
Brazil’s coffee exports in July fell back in comparison with the same month last year, recording the second highest volume for the period in history. Between January and July total exports of coffee reached 22.9 million bags, also the second highest volume for the period in history, said the entity. Exports of green coffee in the period totalled 20.566 million bags.
Horizonte Minerals reported that it obtained $325 million loan to help finance the construction of a nickel mine in Brazil, and is in advanced negotiations to secure an additional $115 mm. The Araguaia project will produce ferronickel and construction is expected to begin in early 2021 with the cost of the first phase estimated at $440 mm.
Securing land ownership for Amazonian indigenous communities can be vital to contain deforestation in the world’s largest rainforest, U.S. researchers have found. Coauthor of the study, Kathryn Baragwanath, a PhD student at the University of California, said territories with full property rights had a 66% lower rate of annual deforestation compared to lands outside their borders.
According to official data, between January and July foreign sales of soybeans, the country’s main export product, grew 36.3% in volume and 33.3% in sales compared to the same period in 2019. Almost 70 million tons were exported, for $23.8 billion.