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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

BRAZIL

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 »

Brazil’s share of soybean exports to China hits record

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BRASILA: Brazil’s share of soybean exports to China, the world’s top buyer of the commodity, grew to the largest on record in 2017 and looks set to expand again this year, helped by competitive prices and the high protein content of its crops. That’s another potential blow to rival exporter the United States as it grapples with tougher quality rules ... Read More »

Brazil Beef exports tipped to rise

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BRASILA: Competition in global markets is set to become more intense in the coming year, as global beef production is pegged to increase by 1.3million tonnes in 2018, according to Rabobank’s latest Global Beef Quarterly report. With production volumes expected to outpace domestic consumption, the report says exports will become ‘‘more critical’’ and ‘‘shift the balance of power in favour ... Read More »

Brazilian sweets and snacks to feature at ISM

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BRASILA: Brazilian companies will be showcasing a range of new chocolate and sweets combinations at ISM 2018, the sweets and snacks trade fair that takes place in Germany later this month. Brazil’s confectionery and cereal-based packaged food industries will be represented by 19 companies at the fair in Cologne, featuring ‘healthier’ products made with local Brazilian ingredients. Last year, Brazilian exports ... Read More »

Politics also set the tone in Brazil’s HRC trade case

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BRASILA: The decision by the Brazilian government to suspend anti-dumping duties against hot-rolled coil (HRC) imports from China and Russia was motivated not only by fears that the measure would injure consuming sectors, but also by concerns that it would affect cooperation between the countries. “The imposition of the anti-dumping measure could affect the political agenda of economic cooperation with two ... Read More »

Bulk carrier rates sink as Brazil’s iron ore exports wane

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BRASILA: Charter rates for bulk carriers have plunged as iron ore exports from Brazil slow and inventories of the mineral pile up in China. The charter rate for a benchmark capesize ship, which has a cargo capacity of about 180,000 tons, has dived 40% since early January to around $12,300 per day on average for major routes. That represents a ... Read More »

Brazilian pig iron export prices increase in firm market

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BRASILA: Firm market conditions have led export prices for Brazilian pig iron to rise for the second week in a row. Metal Bulletin’s weekly price assessment for Minas Gerais-origin pig iron exports increased to $370-375 per tonne fob on Friday January 19, from last week’s $360-370 per tonne fob. A 30,000-tonnes cargo of material produced in Brazil’s south. Read More »

Brazil’s stance on HRC sanctions ‘will create import opportunities

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BRASILA: The decision by the Brazilian government not to impose final trade sanctions against imports of hot-rolled coil (HRC) from China and Russia is expected to create import windows and to raise the pressure on local producers, according to market participants. The option to immediately suspend the sanctions came despite the confirmation of dumping practices by the two nations. “The ... Read More »

Brazilian ethanol prices open window for U.S. imports

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BRASILA: Brazil will spike during the coming months as high gasoline prices and low ethanol supplies drive up demand in the South American country, according to two traders and two brokers active in the market. The southward flow comes as a setback to Brazil’s efforts to curb foreign shipments. Its government in September slapped a 20 percent tariff on U.S. ... Read More »