Category: Industry

Information about Brazil’s economic sectors

Brazilian Development Bank will support private sector with $20 bn

The Brazilian Development Bank (BNDES) offers around R$100 billion ($20 billion), that can be used to support the private sector. This cash list shows, that there is room for stronger action by public banks (BNDES, Caixa and Banco do Brasil) in credit. The BNDES money was reformed in February, with the sale of Petrobras’ common shares, in which the bank pocketed R$22 billion ($4 billion).

Soybean exports from Brazil grow 72% in March

Brazilian soybean grain exports reached a daily average of 489.1 thousand tons in the first five days of March, up 72.1% from the average of 284.2 thousand tons registered in February, amid climatic conditions more favourable for shipments. The volume shipped this month also represents an increase of 9.86% compared to the daily average of March 2019. Despite the outbreak of the new coronavirus, mainly in China, the pace of grain export has not yet been affected.

Brazil signs military development agreement with US

Brazil and the United States signed an agreement in the military area to develop future projects. The Research, Development, Test and Evaluation Agreement (RDT & E) will cover the way for improving or providing new military capabilities. The Brazilian government hopes to facilitate its access to the North American defence market, as well as to enable the entry of Brazilian products in 28 other NATO countries.

Brazilian chicken meat exports grow 10% in February

Brazilian chicken meat exports grew 10% in February in comparison with the same period last year. Considering all products, between fresh and processed, sales totalled 348.4 thousand tons in the last month, against 316.7 thousand tons in the second month of 2019. February exports generated revenues of $ 553.8 million, a result 5.2% higher than the $ 526.4 million made in the same period last year.

Brazil’s beef exports fell by around 3% due to Covid-19

Brazil’s meat exports fell about 3% in February compared to January and fell 6% compared to the same month of 2019, amid a slowdown in purchases by China. According to data from the Foreign Trade Secretariat (Secex) compiled by the entity, shipments of the product (fresh and processed) totaled 131,227 tonnes last month, against 135,451 tonnes handled in January.

Military agreement between Brazil and the US expects partnerships of $96 billion

Brazil and the United States closed an unprecedented military agreement that could help open the largest defence market in the world to the Brazilian industry. The text still needs to pass through the Congress of the two countries and expects partnerships supported by a fund of $96 billion. Itamaraty’s expectation is for a quick process that could allow the US to launch rockets from the Alcantara (Maranhao) base in about six months.

Brazil imports 335,000 tons of pesticides in 2019

Brazil has imported almost 335,000 tons of insecticides, herbicides and fungicides in 2019. The volume is 16% higher than in 2018 and is a record for the historical series begun in 1997, according to data from the Ministry of Economy. The growth in imports follows the growth in sales of agrochemicals in the country.

B3 companies lose $80.4 bn in market value with coronavirus

The risk aversion registered in global markets last week also did not spare Brazilian companies listed on B3. They lost R$361.63 billion ($80.4billion) in market value in the three days that the Brazilian stock exchange was open after Carnival, according to a survey by Economatica. Petrobras was the company that lost the most value in the period: it ended last Friday (28) worth R$ 48.8 billion (10.8 billion) less than a week before.

Almost half of the shares of Eucatex Company go to auction

Condemned of money laundering and imprisoned at home, former governor Paulo Maluf transferred funds that came out of public works and ended up in shares of his family’s company, Eucatex. An international collection action by the Municipality of São Paulo to recover about $230 million attributed to Paulo Maluf will result in the auction of almost half of the shares of Eucatex, a flooring and laminates company of the former governor’s family.