Brazilian economy to grow 4.5% in 2021, World Bank projects

The Latin American economy will grow by 5.2% this year, above the 3.2% forecast in January, and Brazil’s will register an expansion of 4.5%, according to projections released by the World Bank (WB). The multilateral organisation stressed that economic growth in the region will depend on “moderate progress in vaccination, the relaxation of restrictive measures, and an increase in the price of raw materials.

Source: UOL Economia

Bovine slaughter in the first quarter has lowest level since 2009

The slaughter of cattle in the first quarter of this year was 6.56 million head, a drop of 10.6% compared to the first quarter of 2020 and 10.9% compared to the previous quarter. It is the lowest result since the first quarter of 2009. The data are from the Livestock Production Statistics, released by the Brazilian Institute of Geography and Statistics (IBGE).

Source: Money Times

Biodiesel production grew by almost 9% in the country in 2020

The sector’s revenues reached R$26.2 billion ($5 bn), an increase of almost 68% over the previous year. According to the Ministry, 98.4% of the volume sold had the Social Biofuel Seal, which requires the inclusion of family farmers in the production chain. In ethanol, there was a drop in the volume commercialised due to the pandemic. But corn ethanol production grew more than 84% in 2020, to 2.4 billion litres.

Source: Portal do Agronegocio