CNC estimates impact of $2.3 bn in retail with new emergency aid

The impact on retail of the new round of emergency aid, which began to be paid last Tuesday, should be R$ 12.75 billion ($2.3 bn), according to estimates by the National Confederation of Trade of Goods, Services and Tourism (CNC). The CNC survey estimates that, last year, R$ 293.11 billion ($52.3 bn) of the R$ 322 billion ($57.5 bn) made available by the government were effectively drawn by Brazilians.

Source: Valor Investe

Government raises $589 mm with auction of 22 airports

The airport auction held on Wednesday (7) attracted interested parties for all 3 blocks and guaranteed the federal government an initial collection of R$ 3.302 billion ($589 mm). According to the Ministry of Infrastructure, the average premium was 3.822%, which represented a collection R$ 3.1 billion ($553 mm) above the minimum set by the notice for the initial contribution value (R$ 186.2 million – $33 mm).

Source: G1 Economia

Contracting of rural credit in Brazil increases 22%, to $30 bn

The value of rural credit contracts in Brazil, under the Crop Plan, totalled R$169.44 billion ($30 bn) between July 2020 and March 2021, up 22% compared to the same period of the previous season, said the Ministry of Agriculture on Wednesday. Of this amount, R$ 90.77 billion ($16 bn) were allocated to funding, an increase of 18% compared to the previous year, while investments jumped 43%, to R$53.39 billion ($9 bn), the ministry said.

Source: Money Times

Brazilian coffee reaches 40% global market share

Brazil managed to take advantage of its record harvest and reach a global share of 40% of the global market, considering domestic consumption plus exports. The number of countries that bought Brazilian coffee was also high, reaching approximately 130 countries. Despite a good harvest in 2020, this year production figures are expected to fall. According to the National Supply Company (Conab), Brazil should harvest between 44 and 50 million bags.

Source: Portal do Agronegocio

Raízen starts sugar crop with $61.6 mm in new equipment

Raízen, a joint venture between Cosan and Royal Dutch Shell, spent R$345 million ($61.6 mm) to start the new sugar crop with 509 new pieces of equipment and trucks to serve about one third of its own sugarcane area, which amounts to 350,000 hectares. With new technologies, the company expects to reduce diesel consumption in 2 million litres per year. Fuel is the company’s main cost component and represents around 25% of operating expenses.

Source: Valor International