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
Day: June 9, 2021
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
Gera Group intends to build 35 MW in renewable power plants
The Gera Group intends to invest this year in the construction of its own renewable energy generation projects totaling 35 MW, in several Brazilian states. The idea is to meet the demand of large consumers. The company informed that the investment plan in own projects this year is five times the amount.
Source: Energia Hoje
Retail sales grow 1.8% in April and the sector eliminates March losses
Retail sales grew 1.8% in April compared to March, according to data released on Tuesday (8) by the Brazilian Institute of Geography and Statistics (IBGE). This is the highest increase for a month of April in 21 years, even amid restrictions still imposed by measures to combat the coronavirus.
Source: G1 Economia
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
Brasil Económico 