GDP Monitor points to 1.1% rise in November over October 2020, says FGV

Brazil’s GDP advanced 1.1% in November compared to October 2020, according to the GDP Monitor, compiled by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV). Compared to November 2019, the economy fell 0.6% in November 2020. The 1.1% growth of the economy in November compared to October reflects the growth registered in the three major economic activities (agriculture and livestock, industry and services).

Source: Correio Brasiliense

Aeris negotiates $463 mn contract to supply Siemens Gamesa with wind blades

The wind turbine blade manufacturer Aeris is in negotiations with Siemens Gamesa for a potential contract whereby it would supply the company with equipment with a capacity equivalent to 3.3 gigawatts, the company said in a relevant fact. The contract would, in principle, run until 2024 and have a total estimated value of R$2.5 billion ($463 million), Aeris added, in a statement to the Securities Commission (CVM).

Source: Money Times

Conab sees up to 30.5% drop in Brazil’s coffee harvest in 2021

Brazil’s coffee harvest in 2021 is expected to be between 43.85 million and 49.58 million 60-kilo bags, a drop of between 21.4% and 30.5% compared to last year, projected by the state-owned Companhia Nacional de Abastecimento (Conab) in its first survey of the season. Arabica coffee production was estimated at between 29.7 million and 33 million bags, with a decline of between 32.4% and 39% compared to the previous year.

Source: 6 Minutes