Santos terminal receives 16% more cargo via rail with advance in agro

The total cargo handled at Tiplam (Terminal Integrador Portuário Luiz Antonio Mesquita), in Baixada Santista, showed growth of 16.3% in 2020, compared to the previous year, with the boost in grain and sugar transport by rail. Managed by concessionaire VLI, the Santos terminal handled 12.6 million tons of grains, sugar and fertilisers last year.

Source: SP Investe

Brazil creates 184,000 formal jobs in March, says government

The Brazilian economy generated 184,140 formal jobs in March, according to data from the General Cadastre for Employed and Unemployed (Caged) released by the Ministry of Economy. This is the difference between hiring, which totalled 1,608,007 last month, and layoffs, which totalled 1,423,867.

Source: G1

Tereos’ “green” credit in Brazil now amounts to $181 mm

Brazil’s second largest sugar producer, Tereos Açúcar e Energia Brasil, the sugar and energy arm of French co-operative Tereos, agreed new credit operations related to environmental sustainability projects and criteria last month and ended the last sugar and ethanol harvest (2020/21) with more than R$1 billion ($181 mm) in “green” financing, an amount equivalent to almost a third of its entire debt.

Source: Portal do Agronegocio

Privatization of the Correios should happen in 2022, estimates BNDES

The privatisation of the Post Office should only happen in 2022, said the director of BNDES Leonardo Cabral, who estimates that at least 70% of the company’s capital is offered to the private sector. The idea is that the Union is only with a minority stake in the company to not hinder the competition and the operation of the company.

Source: Money Times