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Canadian hardwood imports from Brazil rise


BRASÍLIA: After two months of expansion the value of Canadian imports of tropical sawnwood slipped to $1.40 million in September. The September year-to-date value of imports was still significantly higher than in September 2015, ITTO reported. Imports of all tropical species (those that are recorded individually) fell in September. Canadian sapelli sawnwood imports were worth $212,953 in September, down one ... Read More »

Brazil needs to increase shrimp exports


BRASÍLIA: Brazil needs to grow its shrimp exports, the country’s agriculture and fishery minister, said Blairo Maggi, attending an aquaculture industry event last week, Noticias Agricolas reported. Brazil must increasingly exploit its shrimp production chain to grow presence in international markets, Maggi said. The country plans to increase its market share in international markets from 6.9% to 10%, according to ... Read More »

Baidu pushes business in recession-hit Brazil


BRASÍLIA: Beijing-based technology giant Baidu Inc is hopeful of its prospects in Brazil despite the Latin American country’s ongoing economic struggle. Brazil has yet to show major signs of recovery since being hit by a wave of recession in 2014. Adding to such woes, Dilma Rousseff was removed as the president in August over budgetary laws, in an impeachment process ... Read More »

Brazil sees $4.4 bln investment in infrastructure concession renewal


BRASÍLIA: Brazil’s government expects 15 billion reais ($4.4 billion) in fresh investment under a program for the early renewal of existing road and railway concessions, acting Planning Minister Dyogo Oliveira said on Friday. The government on Thursday issued a decree to start granting and renewing concessions for roads, railways, ports and airports. The measure also sketches out rules that will ... Read More »

Brazil launches campaign to lower tariffs on instant coffee


BRASÍLIA: Brazil’s instant coffee industry launched a campaign on Friday to lower tariffs in importing countries with the aim of boosting sales abroad by the world’s largest exporter of soluble coffee by 50 percent over the next decade. The country’s soluble coffee industry association, Abics, and Brazil’s export promotion agency Apex are running the project that will have investments of ... Read More »

Brazil must increase its shrimp exports


BRAZIL: Brazil needs to increase its shrimp exports, said the minister of Agriculture, Livestock and Supply during his visit to shrimp farming areas in Aracati. “We have to increase our presence in the international market,” said the Minister. In the meeting with shrimp producers, the minister also stressed the importance of the processing of fish to help the country achieve ... Read More »

Maersk expects flat 2017 Brazilian exports


BRASÍLIA: Maersk Line expects flat growth in Brazilian container exports next year, Maersk Line East Coast South America (ECSA) head has told CM. The carrier predicts Brazilian trade to grow by a negligible 1% in 2017, when imports are likely to go positive thanks to slowly increasing business and consumer confidence. Total Brazilian imports and exports went down by 2.5% ... Read More »

Brazil corn prices fall amid imports, help poultry producers


BRASILIA: Corn prices in Brazil fell sharply in the fourth-quarter inter-harvest period, weakened by strong Mercosur imports, which have helped the country’s poultry and pork industries as they struggle with high feed costs and weak margins. Local prices for the cereal have fallen 10 percent in the quarter that started in October to 37.59 reais ($11) per 60-kg bag, the ... Read More »

Brazil corn prices fall amid imports, help poultry producers

sales fall

SAO PAULO: Corn prices in Brazil fell sharply in the fourth-quarter inter-harvest period, weakened by strong Mercosur imports, which have helped the country’s poultry and pork industries as they struggle with high feed costs and weak margins. Local prices for the cereal have fallen 10 percent in the quarter that started in October to 37.59 reais ($11) per 60-kg bag, ... Read More »

Brazil coffee exports reached 3.3 mln bags in October

Brazilian coffee exports

BRASÍLIA: Volume generated $ 571 million revenue, higher monthly amount of the year; average gross income of producers should reach R $ 23.64 billion. In October, Brazil exported 3.3 million bags of coffee. The volume was the highest monthly amount this year. In total, they raised  US $ 571 million in sales, since each bag was sold for an average ... Read More »

Brazil’s pulp exports up 13.5% in September


BRASÍLIA: The balance of trade surplus of the Brazilian planted tree industry totaled $4.9 billion from January to September 2016, recording a high of 5.4% year-over-year ($4.6 billion), as the Brazilian Tree Industry (Ibá) said in the press release received by Lesprom Network. September 2016 year-to-date, exports values have remained stable compared year-over-year ($5.7 billion); pulp contributed positively with $4.1 ... Read More »

Brazil’s current account balance likely to have improved further in Oct

current account

BRASÍLIA: Brazil’s external balances are expected to flatten soon, given that imports are stabilizing. Last year, Brazil’s current account balance improved to a deficit of USD 58.9 billion from a deficit of USD 104.2 billion in 2014. In other words, the current account deficit came in at 3.1 percent of the GDP in 2015 from 4.3 percent of GDP in ... Read More »

OECS and Brazil agree to promote more trade and investment


CASTRIES: The November 14-17 Brazilian-OECS Business and Parliamentary Mission to Saint Lucia and the OECS has ended with several projects identified for follow-up by business interests in Brazil and Saint Lucia – and the rest of the OECS. While there, the Brazilian businesses seeking to do business in the small Eastern Caribbean islands also engaged with their counterparts in the ... Read More »

Brazil mulls sharing fine revenues with struggling states


BRASÍLIA: Brazil’s federal government is considering sharing 5 billion reais ($1.5 bln) in fines from an asset repatriation program with cash-strapped states as the economy struggles to pull out of its worst-ever recession, a presidential aide told Reuters on Thursday. Last week, Brazil’s Supreme Court froze that amount after state governments filed suits to demand President Michel Temer share the ... Read More »

Brazil exports of gold, iron, steel products to US jump


BRASÍLIA: Brazil exported 1.82Mt of semi-manufactured iron and steel products to the US in January to October compared with 2.52Mt in the same 10 months of 2015, foreign trade department Secex said. Export revenue from the products slumped 40.4% to US$563mn. Shipments of semi-manufactured steel alloy products to the US jumped to 1.36Mt from 1.02Mt, and revenue increased 18.5% to ... Read More »

Brazilian beef exports continue to grow

grow heigher

BRAZIL: The Brazilian beef industry ended the month of October with more than US$ 449 million in exports, according to the Brazilian Association of Meat Exporters (Abiec). During the period, shipments totalled 107,000 tonnes. China returned to the first place among the countries that bought Brazilian beef, with billing of US$ 94 million (38 per cent more than the previous ... Read More »

Brazil catches fuel distributors, stations selling methanol illegally

fuel subsidies

BRASÍLIA: Brazil regulator ANP on Monday temporarily shut down filling stations and fuel distributors in Rio de Janeiro state after agents found they were selling methanol, a banned fuel additive that is considered a health risk. The agency said in a statement that it detected methanol in BR Distribuidora filling stations run by the state-run oil company Petrobras, Royal-Dutch Shell ... Read More »

QP affiliate signs LNG deal with Brazil firm


BRASÍLIA: Qatar Petroleum said its affiliate Ocean LNG Limited has signed a deal to provide 1.3 million tons per annum of LNG to Brazil based CELSE-Centrais Elétricas de Sergipe (CELSE) from 2020. The shipments will be for use at CELSE’s Porto de Sergipe power project near Aracaju, in the Brazilian state of Sergipe. Qatar Petroleum President and CEO Saad Sherida ... Read More »

Brazil’s October iron ore exports to China fall 6.2% YOY

iron ore

SAO PAULO: Brazil exported 17.58 million mt of iron ore to China in October, down 6.2% year on year, the trade ministry said Friday. However the value of the ore shipped to China rose 1.1% to $612 million FOB, with an average price of $34.81/mt FOB, up from $32.28/mt in October 2015. China took 59% of the 30.01 million mt ... Read More »

Petrobras asset sales fuel Brazilian M&A revival

A worker paints a tank of Brazil's state-run Petrobras oil company in Brasilia, Brazil September 30, 2015.  REUTERS/Ueslei Marcelino

BRASÍLIA: Drive down any highway in Brazil and it is impossible to avoid the square green-and-gold signs bearing the initials “BR” that announce Petrobras petrol stations. With 7,500 roadside outlets, the state-owned oil company remains one of the country’s most recognised brand names. But soon, its petrol distribution network — the biggest in Brazil — will have a new private-sector ... Read More »