The participation of agribusiness in Brazil’s total exports rose from 40.2% to 46.3% last year pulled by sugar. The strong pace of shipments from the sugar-alcohol sector boosted Brazilian agribusiness exports in September. External sales of the sector rose 89.8%, raising the sector’s sales to $1.14 billion.
Source: Portal Agronegocios
Companhia Energética de Brasília (CEB) reported that its shareholders approved a proposal to sell 100% of the shares of its electricity distribution subsidiary CEB-D. At an extraordinary general meeting, shareholders also decided that the privatisation of CEB-D should involve a minimum sale price of R$1.423 billion ($254mm).
Source: UOL Economia
Brazil’s coffee exports in September, including green, soluble and roasted & ground coffee, reached a historic record for the month of 3.8 million 60-kg bags, with a high of 8.6%. Green coffee exports in September totalled 3.51 million bags, an 11.5% increase over the same month last year.
Source: Money Times
Brazil has reached the mark of 400,000 consumer units that use renewable energy (solar photovoltaic, hydraulic, biomass, biogas, wind power, etc.), supplied by more than 305,000 connections of distributed generation systems of electric energy. The modality totals 3,9 GW of installed power. The residential consumers correspond to 72% of the total.
Source: Energia Hoje
Silas Santiago, Public Policy Manager at Sebrae Nacional, evaluated that although Brazilian micro and small companies have begun to recover from the coronavirus crisis, their situation remains “critical. He defended a project that suspends the payment of taxes and another that foresees a special payment of debts related to taxes (Refis do Simples Nacional).