Petrobras may have compensation of $6.45 bn

Petrobras said its board of directors approved conditions for agreement with the government that establish the amount of compensation to the company in the event of the auction of surplus volumes from the onerous transfer of rights in the fields of Sepia and Atapu, in the Santos Basin. The company said that, after technical discussions with the also state-owned PPSA, firm net compensation values of $3.253 bn for Atapu and $3.2 bn for Sépia were established.

Source: G1 Economia

Brazilian e-commerce grows 75% in 2020

The Brazilian e-commerce grew 75% in 2020, shows data released by Mastercard. Also according to the survey, this accelerated digitalisation moved more than $900 bn around the planet last year. In Brazil, online sales represented 11% of all retail purchases last year. Before the pandemic, purchases in this modality was equivalent to 6% of the total retail sector. In 2020, the final average was 7%.

Source: Money Times

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

Government auction 22 airports today and expects to raise $33 mm

Will be auctioned on Wednesday (7) airports of well-known cities and capitals in Brazil. The expectation is to raise at least R$ 186 million ($33 mm). The auctions are scheduled to begin at 10am. This is the 6th round of airport concessions. In total, 22 airports will be auctioned, grouped in three blocks. With the sale, they will be run by the private sector for a period of 30 years.

Source: UOL Economia

Brazil in 8th place in real-time transactions

The creation of instant payment system Pix by the Central Bank four months ago made Brazil climb one position among the countries that generate the most real-time transactions last year, reaching the eighth place and surpassing the United States. There were 1.3 billion transactions in 2020, a 58% increase over those recorded in 2019, shows a new global report from ACI Worldwide and GlobalData. The countries ahead of Brazil are India, China, South Korea, Thailand, the United Kingdom, Nigeria, and Japan.

Source: Valor International

Santos Brasil forecasts a growth of up to 20% in container volume in 2021

Santos Brasil has released its projections for 2021 with an increase of 11% to 20% in container volume, shows a document sent to the market. In addition, the company foresees an increase of up to 112% in Ebitda, which measures the operating result, in 2021 to R$ 450 million ($80 mm). The company expects to invest up to R$ 300 million ($53 mm) in its operations this year.

Source: Money Times

Agroconsult sees Brazil soybean exports in 2021 with 85 million tons

Brazil’s soybean exports are expected to reach around 85 million tonnes in 2021, consultancy Agroconsult said on Tuesday, raising its estimate from the 83 million tonnes seen in January. Meanwhile, the country’s corn shipments tend to reach 34.3 million tonnes this year, the company added during an event to present the results of the Crop Rally.

Source: 6 Minutos