Market raises inflation projection to 4.85%

The market now sees even more monetary tightening this year, in an environment of higher expectations for inflation and lower growth. The survey showed that the projection for the Selic at the end of 2021 rose to 5.25%, from 5.00% before. With the basic rate currently at 2.75%, experts estimate a rise of 0.75% point in the Selic in the next meeting of the Central Bank in May, rising to 3.5%.

Source: Exame

Beef exports grow 8% in March 

With China increasing its purchases, total exports of beef (fresh and processed) increased again in March. The information is from ABRAFRIGO, which compiled the data provided by the Foreign Trade Secretariat (SECEX/DECEX) of the Ministry of Economy. The movement of the month reached 159,422 tons, an 8% growth over March 2020 with its 147,333 tons. Revenue rose from $636.2 mm in 2020 to $713.5 mm in March 2021, an increase of 12%.

Source: Portal do Agronegocio

Eldorado inaugurates a thermoelectric powered by eucalyptus biomass

Eldorado Brasil has started the operation of its first thermoelectric plant, powered by biomass and with the capacity to produce enough energy to supply a city with 700,000 inhabitants. The unit, named Onça Pintada, has received investments of around R$ 400 million ($71.5 mm), made with own resources and uses raw material such as stumps and roots of eucalyptus harvested for cellulose production. The plant will operate within the Eldorado Brasil cellulose plant complex, in Três Lagoas (MS). The plant will have the capacity to generate 432,000 MWh per year.

Source: Canal Energia

Cotton exports from Brazil will jump 21% in 20/21

Brazilian cotton exports reached a record 731.4 thousand tons in the first quarter of this year, pointed out the National Association of Cotton Exporters (Anea), amid an optimistic scenario that should raise by 21% shipments of the crop 2020/21. In the interval from January to March last year, Brazil exported 619.5 thousand tons of lint, the entity said.

Source: 6 Minutos

New barriers threaten Brazilian exports

Five potential new categories of barriers in international trade may impact 22% of Brazilian exports per year, equivalent to sales of $46.2 bn in 2020, according to a study by the National Confederation of Industry (CNI). At the current pace, exporters must assume adaptation costs to meet buyer and consumer demands and prove responsible business conduct – or risk exclusion from major global markets.

Source: Valor International