Brazil’s agribusiness exports reached a new record in the first nine months of 2020, with a volume 16% higher than in the same period of the previous year. Data from the Foreign Trade Secretariat (Secex) also indicates that shipments of the sector generated revenues of $79 billion between January and September, up 8% in the annual comparison.
Source: Money Times
Day: October 28, 2020
Wind power adds up to R$43 bi in Brazil
On the day that the country’s wind energy source reached 17 GW in installed capacity, a study by the Brazilian Wind Energy Association indicates that the socio-economic and environmental impacts of wind energy generation in the country are more than R$260 billion ($43 bn). According to the publication, there are three effects of investments, direct, indirect and income effect.
Source: Canal Energia
Vale’s disaster boosts ESG funds in Brazil
Brazil is still skating in relation to the international trend. The three largest ESG investment managers look after less than R$50 billion ($8.9 bn). Two of them have funds that do not exclude polluting industries, although they include ESG data to decide their investments. Other local investors have also begun to realize that ESG issues had major financial implications.
Source: Reuters
72% changed consumption pattern because of the pandemic
A survey conducted by FecomercioSP shows that 72% of Brazilians have changed their consumption habits in the last six months as a result of the pandemic. The sectors most impacted, i.e., those whose consumers reduced purchases, were clothing and footwear (42%), tourism trips (30%), and physical activities (27%).
Source: Infomoney
Federal Public Debt rises by 2.59%
The need for cash resources to cover extra spending on the covid-19 pandemic continued to put pressure on public debt in September, with the National Treasury issuing bonds above the historical average. The Federal Public Debt (DPF) rose by 2.59% in nominal terms, from R$ 4.412 trillion ($735 bn) to R$ 4.527 trillion ($755 bn).
Source: Agencia Brasil
