Brazilian agribusiness exports $6.5 bn in February

Brazilian agribusiness exported $6.5 bn in February, according to an analysis by the Secretariat of Trade and International Relations (SCRI) of the Ministry of Agriculture, Livestock and Supply (MAPA). The figure represents a 2.8% increase compared to the same month last year. Despite the growth in exports, the sector’s share in total Brazilian shipping fell from 40.3% in 2020, to 39.9% in 2021.

Source: G1 Economia

Project regulates exploitation of power plants at sea

A project of law, presented this week can start the regulatory framework for the exploration of energy on the Brazilian coast, whether it is wind, solar or tidal. It is PL 576/2021, which regulates the authorisation for the use of offshore energy potential, installed at sea. In Brazil, the main source of energy is hydroelectric. According to the proposal, the diversification of the energy matrix and the abandonment of a single source is fundamental to increase the energy security of the national electric system.

Source: Money Times

New aid will lift Brazil’s GDP to 3.8%, says Oxford Economics

The second round of emergency aid will boost Brazil’s GDP growth by 0.2 percentage point to 3.8% this year, writes Marcos Casarin, chief economist for Latin America at Oxford Economics, in a note. The firm estimates that households will spend half of the R$44 billion ($7.7 bn) in stimulus during 2021, and the rest will be saved or used for debt. This will increase consumption by 0.4% in the first quarter and 0.8% in the second quarter.

Source: Money Times

Ethanol sales reach 2.45 billion litres in February

Ethanol sales by South-Central Brazilian producing units in February reached 2.45 billion litres, of which 174.24 million litres were exported and 2.28 billion litres were sold domestically. Despite lower ethanol production in the 2020/2021 harvest, stocks of the biofuel in South-Central Brazil remain above the level registered in the same period in 2020.

Source: Portal do Agronegocio