Cachaça is the second most consumed alcoholic beverage in Brazil, according to the Brazilian Institute of Cachaça (Ibrac). The drink represents 72% of the distillate market in the country. There were $14.45 million favourable to the balance of trade, exporting 7.26 million litres in 2019. A study by the Ministry of Agriculture in 2020 showed that there was a 9.73% increase in the number of products classified as cachaça in 2019.
Source: UOL Economia
Day: September 14, 2020
Casa dos Ventos will invest $1.8 bn in wind power in Bahia
Casa dos Ventos has signed protocols of intent with the government of Bahia, through the Secretariat of Economic Development (SDE), formalising the objective of establishing four wind farms in the state. The company estimates that it will generate 9,300 direct and indirect jobs in the operation and construction phases of the projects.
Source: Energia Hoje
Brazil and US sign bilateral trade partnership on ethanol
The Ministry of Foreign Affairs reported that Brazil and the United States had held consultations on their bilateral trade in ethanol and had entered into a partnership in this area. As a result, the countries decided to hold result-oriented discussions on an arrangement to increase access to the ethanol and sugar markets in Brazil and the US.
Source: Valor Investe
Brazil’s agribusiness exports reach $9 bn with soybeans and sugar
Brazilian agribusiness exports reached $8.91 billion in August, up 7.8% from the same period in 2019, driven by a 16.5% increase in the volume shipped, particularly soy and sugar, the Agriculture Ministry said. As a result, agribusiness accounted for more than 50% of the country’s total exports in the month, according to a survey by the Trade and International Relations Secretariat.
Source: Money Times
Shared oil production in Brazil reaches 29,000 barrels per day
The three oil and gas production contracts on a sharing basis prospected 29,000 barrels per day (bpd) in July this year, a result 37% lower than in the previous month. The retraction reflects Mero’s scheduled 20-day pull-out of the line, according to the monthly Production Sharing Contracts Bulletin prepared by Pre-Sal Petróleo (PPSA).
Source: Canal Energia
