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Brazil

Brazil Stellar export performance by plantation sector

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BRASILIA: Brazil’s 2017 pulp exports increased 14% to US$6.4 billion. Paper exports were up marginally to US$1.9 billion and woodbased panel exports jumped 16% to US$289 million. Overall, 2017 was positive for the woodbased industry which saw a 13% increase in the trade balance. In terms of volume, international trade in 2017 was good with the pulp industries seeing a ... Read More »

Brazil steel sector raps US Section 232 investigation tariff

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BRASILIA: The Brazil steelmaker sector is not interested in negotiating lower US tariffs for its products, only their elimination, Marco Polo de Mello Lopes, president of the Aco Brazil steel institute, said Friday. As a result of a US Section 232 investigation, the Commerce Department Friday recommended a tariff of at least 53% on all steel imported from Brazil and ... Read More »

Sale of HMS ocean to Brazil ‘sad day for Devonport’

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BRASILIA: The sale of Royal Navy flagship HMS Ocean to Brazil is “another shrinking of the Royal Navy in Devonport”. That’s according to Plymouth MP Luke Pollard, who has described the move as a “sad day” for Plymouth’s naval base.Devonport remains home to our amphibious ships, survey vessels and half her frigates,” said Mr Mercer. “It also continues to provide repair and maintenance ... Read More »

Amazon to expand e-commerce footprint with new warehouse in Brazil

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BRASILIA: Amazon is considering a 50,000-square-meter warehouse for lease just outside Sao Paulo, Brazil, as it looks to expand its presence in the South American nation, Reuters reported.Although Amazon already sells books from an established website, the company may also begin handling its own distribution of electronics and other items. However, complex tax laws and chaotic logistics have thus far impeded real ... Read More »

Brazil instant coffee exports could return to 2016 record

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BRASILIA: A large 2018 harvest is expected to help the Brazilian instant coffee industry recover market share and boost exports in line with 2016 records, after a weak 2017, a leading industry executive told Reuters. Brazil is the world’s largest exporter of instant coffee, as well as green coffee beans, but droughts in 2015 and 2016 hammered the robusta crop ... Read More »

Brazil orange juice stocks to jump in 2017/18

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BRASILIA: Brazilian stocks of orange juice in the 2017/18 crop are expected to double from the previous crop due to higher production, the association of local juice processors CitrusBR said on Wednesday. Stocks are projected to reach 254,200 tonnes (frozen, concentrated orange juice equivalent) by June, 137 percent more than in the same period in the 2016/17 crop. The numbers ... Read More »

Oil boom could help Rio’s economy emerge from the recession

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BRASILIA: Rio de Janeiro has been the textbook example of the financial crises facing Brazilian states. Just weeks before the Rio Olympic Games in 2016, the state declared “public calamity” – just one step away from bankruptcy. Rio’s financial collapse has led to not only public safety crises, but also protests from public servants over months of undelivered paychecks. Yet according ... Read More »

Brazil’s wood based product exports increased by 26% in December

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BRASILIA; In December 2017 the total value of Brazil’s exports of wood-based products (except pulp and paper) increased 26% in value compared to December 2016, from $220.8 million to $277.4 million, as ITTO reported.  Pine sawnwood exports increased 21% from $35.1 million in December 2016 to $42.4 million in 2017 December. In volume, exports increased 15.5% over the same period, ... Read More »

Amazon eyes new warehouse in Brazil e-commerce push

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BRASILIA: Amazon in Latin America’s largest economy, where it currently relies on third parties to ship their own goods sold on its marketplace, and it underscores the seriousness of the e-commerce giant’s renewed push into Brazil. Amazon declined to comment on the possible warehouse lease. While an estimated two-thirds of Brazil’s 209 million people have internet access, online retail was ... Read More »

Brazil raises soybean crop estimate slashes winter corn crop projection

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BRASILA: Brazilian crop agency Conab on Thursday raised its estimate for the 2017/18 domestic soybean crop and cut the forecast for corn production. Conab said the soybean crop will total 111.56 million mt, compared with a forecast of 110.44 million mt in January, but below the record output posted in 2016/17 of 114.08 million mt, when the weather was nearly ... Read More »

Brazilian sales push EU corn imports 54% higher

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BRASILIA: Imports of corn have passed the 10 million mt mark and now stand 54% higher than at the same stage last year as buyers have taken advantage of low global corn prices and favourable freight rates, data from the European Commission showed Thursday. Imports of cheap Brazilian corn are almost five times what they were at the same stage ... Read More »

Brazil wheat output to fall in 2017-18

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BRASILIA:  Brazil’s 2017-18 wheat production is forecast at 4.3 million tonnes, down sharply from the previous estimate due to larger-than-expected losses from drought and frost conditions during critical development stages of the crop, according to a Jan. 30 Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department of Agriculture (USDA). If realized, it will ... Read More »

Brazil drops railway to the pacific for China exports

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BRASILIA: Brazil has shelved a planned railway to ship commodities destined for China through Peru as it was too costly and faced “absurd” engineering challenges, a Brazilian official said. The 5,000-km railway over the Andes to the Pacific coast, announced during a visit by President Xi Jinping in 2014, was meant to speed up soybean and iron ore exports to ... Read More »

Brazil imports rise but economic crisis harms seafood consumption growth

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BRASILIA: Brazilian seafood imports continued to rise last year, but the ongoing economic crisis is slowing seafood consumption growth in the country,  Despite the recent statement of the Brazilian president, Michel Temer, in Davos, Switzerland, last week that “Brazil is back in business”, seafood orders ahead of the Easter celebration, a period where seafood consumption in the country peaks, are relatively ... Read More »

Brazil trade exports hit $13.6b in 2017

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BRASILA:Brazil’s trade relations with the Middle East scaled new heights in 2017, recording a growth of 18.43% in exports from $11.5bn in 2016 to 13.6bn in 2017. Additionally, a growth of 23.37% was also recorded in imports from $5.2bn in 2016 to $6.4bn in 2017, according to figures released by the Arab-Brazilian Chamber of Commerce (ABCC). Brazilian exports to Saudi ... Read More »

Brazil’s higher protein GMO soybeans hurting US exports to China

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BRASILIA: Declining protein levels make soybeans less valuable to the $400 billion industry that produces feed for cattle, pigs, chickens and fish. And the problem is a key factor driving soybean buyers from the U.S. to Brazil, where warmer weather helps offset the impact of higher crop yields on protein levels. Seed developers have had great success boosting yields through ... Read More »

Brazil overtakes becomes main US supplier of china

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BRASILIA: Brazil overtook the United States in 2017 to become the main soybean supplier to China, with 50.9 million tons, a figure that is a 33.3 percent increase compared to the figure in 2016, according to figures issued last week in Beijing by the country’s customs. China imported about 95.5 million tons of soybeans in 2017, with the United States selling 32.8 ... Read More »

Small sugar producers find sweet spot in China after Brazil tariffs

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BRASILIA: Brazil, the world’s top sugar producer and exporter, sold no sugar to China in December and exported just 790,374 tonnes for the whole year, down 60.3 percent from 2016, according to data from the General Administration of Customs. The South American nation accounted for just over a third of China’s reduced total imports in 2017, down from two-thirds a ... Read More »

Brazil federal tax revenue edges up in 2017 as economy recovers

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BRASILIA:  Brazil’s federal tax revenue edged up in 2017 as the country’s recovery from the deepest recession in decades advanced, government data showed on Friday. Federal tax revenue rose 0.59 percent from 2016, after discounting for inflation to 1.342 trillion reais ($427 billion). Tax collection in December came in at 137.842 billion reais, up 4.93 percent in real terms from ... Read More »

Brazil to propose tax discounts for electric cars

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BRASILA: Brazil will propose tax discounts for electric cars in order to stimulate sales, the industry ministry (MDIC) stated. The initiative is part of the new public policy for the sector, dubbed Rota 2030, the format of which is being finalized by the MDIC. We need to think of the future. We want Brazil to be a strong country with ... Read More »