Cachaça is the second most consumed alcoholic beverage in Brazil, according to the Brazilian Institute of Cachaça (Ibrac). The drink represents 72% of the distillate market in the country. There were $14.45 million favourable to the balance of trade, exporting 7.26 million litres in 2019. A study by the Ministry of Agriculture in 2020 showed that there was a 9.73% increase in the number of products classified as cachaça in 2019.
Casa dos Ventos has signed protocols of intent with the government of Bahia, through the Secretariat of Economic Development (SDE), formalising the objective of establishing four wind farms in the state. The company estimates that it will generate 9,300 direct and indirect jobs in the operation and construction phases of the projects.
The Ministry of Foreign Affairs reported that Brazil and the United States had held consultations on their bilateral trade in ethanol and had entered into a partnership in this area. As a result, the countries decided to hold result-oriented discussions on an arrangement to increase access to the ethanol and sugar markets in Brazil and the US.
Brazilian agribusiness exports reached $8.91 billion in August, up 7.8% from the same period in 2019, driven by a 16.5% increase in the volume shipped, particularly soy and sugar, the Agriculture Ministry said. As a result, agribusiness accounted for more than 50% of the country’s total exports in the month, according to a survey by the Trade and International Relations Secretariat.
The three oil and gas production contracts on a sharing basis prospected 29,000 barrels per day (bpd) in July this year, a result 37% lower than in the previous month. The retraction reflects Mero’s scheduled 20-day pull-out of the line, according to the monthly Production Sharing Contracts Bulletin prepared by Pre-Sal Petróleo (PPSA).
This year, private bids made possible 765 MW, more than the 402 MW of the last A-4 government auction in 2019. The volume of business since Cemig’s first trading session in 2018 adds up to 3.3 GW, in the same order of magnitude as the annual volumes of government auctions in 2018 and 2019.
National industrial production grew for the third consecutive month, up 8% in July compared to the previous month, after expanding in May (8.7%) and June (9.7%). For the first time in the historical series started in 2002, 25 out of 26 sectors showed a positive rate. The result, however, does not eliminate the 27% loss accumulated in March and April, when it reflected the effects of the Covid-19 pandemic.
The Ministries of Agriculture, Economy and Science, Technology and Innovation (MCTI) launch the Agro 4.0 programme. According to a statement, R$ 4.8 million ($905k) will be invested in 14 pilot projects. The objective of the program is to promote, through these technologies, an increase in efficiency and productivity, and a reduction in costs in Brazilian agribusiness.
The approval of the new milestone in the natural gas sector by the Chamber of Deputies was considered an excellent step by the president of Shell in Brazil, André Araújo. According to the executive, Brazil needs gas-fired power plants to meet energy demand in an increasingly renewable energy matrix. There is a need for further improvements in energy auctions in the vision of the president of Shell.
The Brazilian Senate approved the Provisional Measure that opens an extraordinary credit of R$5 billion ($1 bn) to help the country’s tourism sector. This credit should be offered to small, medium and large companies in the tourism sector to serve as working capital.