Category: Industry

Information about Brazil’s economic sectors

Brazilian Gross Production grows 11.5%

The Gross Production Value (GVP), which measures the revenues from agricultural activities, should reach R$746.2 billion ($143 bn) in 2020, 11.5% more than in 2019, according to the Brazilian Confederation of Agriculture and Livestock (CNA). For agriculture, CNA projects an increase of 16.2% in 2020 compared to last year, with gross revenues of R$478.2 billion ($91 bn).

Castlelake expects to invest up to $960 mm in renewable energy in Brazil

Castlelake resource manager has plans to invest between R$4 billion and R$5 billion ($769 and $960 mm) in renewable energy in Brazil in the next five years, after closing the acquisition of the Queiroz Galvão construction company’s generation unit in the country. The investments will be made through Ibitu Energia and the objective is to double the installed capacity in the next five years.

Brazilian exports to US should drop 25%

As a result of the economic effects of the new coronavirus pandemic, Brazilian exports to the United States are expected to fall between 20% and 25% by 2020, predicts Amcham, the U.S. chamber of commerce in Brazil. Imports from the U.S., on the other hand, are expected to […]

Brazil’s coffee exports close 2nd largest volume in history

Total exports of coffee from Brazil (green and industrialised) in 2019/20 amounted to 39.9 million 60-kg bags, a fall of 3.6% compared to the previous cycle, the Council of Coffee Exporters of Brazil (Cecafé) reported. Despite the decline, the result represents the second largest volume shipped in history, behind only the 2018/19 season.

Brazil sees up to 10 GW in new nuclear power by 2050

The Brazilian government has projected the construction of up to 10 GW in new nuclear power plants by 2050 in a long-term plan for the energy sector, which also points to the re-powering of old hydroelectric plants as a way of expanding the supply of generation. According to PNE 2050, the government will seek to insert between 8 GW and 10 GW in new nuclear power plants in the next three decades.

Cotton: 80% of Brazilian production is sustainable

Actions of the Responsible Brazilian Cotton Program (ABR), from Abrapa, shows that all cotton produced in Brazil, 80% is sustainable in terms of production. The ABR certification list has 178 items to be followed by the producer and all these efforts has led Brazil to be the largest supplier of sustainable cotton in the world, being responsible for 1/3 of all world production.

Brazil reaches 6 GW in solar power capacity

Brazil has exceeded the mark of 6 GW of installed capacity in photovoltaic plants, a total investment estimated at R$ 31 billion ($ 6bn), announced Absolar in a statement. The total of investments planned up to 2025 for projects already contracted in energy auctions exceed R$ 25.8 billion ($ 4.9bn).

Profit of federal state-owned companies rose to $20.5 bn in 2019

State-owned companies recorded net profits of R$109.1 billion ($20.5 bn) in 2019, an increase of 53%, compared to 2018 when it was R$71.3 billion ($13 bn). According to the Ministry of Economy, there were 200 state-owned companies at the end of 2019, 46 of which were direct and 154 were indirect. Among those with direct control, 18 were dependent. At the end of 2018, the country had 209 state-owned companies.

Tourism sector in Brazil accumulates losses of $23 bn

The sector has already lost R$122 billion ($23 bn) from March to June. The amount is equivalent to more than three months of sales in the sector, estimated at R$40 billion ($7.5 bn), according to CNC data. The entity estimates that it may take until 2023 for the sector to resume the 2019 revenue level, before the pandemic. Today, the sector operates with about 15% of its capacity.