Brazil to temporarily halt soy, corn import duties

In an effort to curtail inflation, the Brazilian Agriculture Ministry has postponed import duties on soy, corn, soybean meal and soybean oil until the end of 2021, Reuters reported. Previously, the Chamber of Foreign Commerce (Camex) had suspended the import tax of corn until March 31, 2021, and soybean until Jan. 15, 2021. The hope for the […]

Brazil wants to export more to Russia

Brazilian President Bolsonaro has asked Russian President Putin to approve more Brazilian processors for meat exports to the Russian market. Many facilities already have their accreditations, but have been faced with restrictions since 2017. This was one of the main points of discussion in a direct telephone call between the heads of state last week. […]

Brazilian cotton prices see slight increase this month

After significantly decreasing in the previous month, cotton prices in Brazil were firm again in early April. The CEPEA/ESALQ Index changed from the record 5.22 BRL per pound on March 4 to 4.76 BRL/pound on April 5. Since then, the Index has been recovering, the Center for Advanced Studies on Applied Economics (CEPEA) said in its latest fortnightly report. […]

Brazil’s egg exports rise by 150%

Brazilian producers exported 150.6% more eggs during the first 2 months of 2021. According to the Brazilian Animal Protein Association (ABPA), they shipped 3,177 tonnes in the first 2 months this year against 1,267 tonnes during January and February in 2020. These numbers represent 60% of the total Brazilian egg exports last year, when exports […]

The U.S. and Brazil are Vying to Meet China’s Soybean Demand

China has turned to the U.S. for more soybeans as Brazil sees delays in bringing in its crop. The U.S. soybean market is seeing continued strong Chinese demand, while Brazil struggles to bring in its oilseed harvest. Unexpectedly high Chinese demand is drawing down already-tight U.S. supplies, propelling CBOT U.S. soybean futures prices to nearly […]

Brazilian soybean harvest advance despite rains: AgRural

Harvesting windows were ample on inconsistent rains Soybean crop quality could be hit by high moisture Brazil’s soybean harvest advanced a tad in the week ended March 13 despite rain across most parts of the country, agricultural consultancy AgRural said March 15. Soybean farmers had harvested 46% of the projected acreage as of March 11, […]

Brazilian coffee exports rise 9 pct in February 2021

On Tuesday, Mar. 9 the Coffee Exporters Council (Cecafe) reported that Brazil, the world’s foremost coffee maker and exporter, exported an amount of 3,279,558 bags of 60-kg coffee last month of 2021, a rise by 9 percent from the very month last year (3,008,096 bags). Based on figures issued by the trade group located in […]

Russia could reduce poultry import tax for Brazil: RIA reports

Russia could reduce tax on poultry imports from Brazil if rising domestic prices do not stabilise, the RIA news agency reported on Tuesday, citing an industry source. Moscow has imposed grain export curbs and other measures in an attempt to slow food inflation amid the COVID-19 pandemic and falling household incomes. The possible tax cut […]

Brazil posts $1.2 bln trade surplus in February

Brazil posted a trade surplus of $1.2 billion in February, figures showed on Monday, more than the consensus forecast in a Reuters poll for a $900 million surplus, but around half of the $2.3 billion surplus in the same month last year. Exports in February totaled $16.2 billion and imports were $15.0 billion, the ministry […]