Entries by Gelcy Bueno
Ethanol to become more competitive with gasoline
Agreement to suspend relief on fuels is the cause, even with higher prices at pumps 12/29/2022 The end of the fuels relief is expected to immediately cause a slight improvement in the competitiveness of hydrous ethanol and in the remuneration of the mills. However, mills are still likely to continue preferring to produce sugar in […]
End of waivers on fuels helps, but reviewing spending is still necessary
End of relief is expected to return almost R$55bn to federal government next year 12/29/2022 Raul Velloso — Foto: Leonardo Rodrigues/Valor The end of federal taxes relief on fuel as of January leaves the central government deficit (National Treasury, Social Security, and the Central Bank) in 2023 closer to 1% than to 1.5% of GDP, […]
Strengthening in governance helped state-owned companies
Shielding increased and improved results, but did not prevent political interference 12/27/2022 Brazil’s postal service will close this year with R$3 billion in cash — Foto: Valor Correios, Brazil’s postal service, will close this year with R$3 billion in cash, not counting debts, six times more than at the end of 2019. Oil giant Petrobras […]
Friction between new government and rural sector is expected
Bolsonaro administration was marked by good relations and joint victories, some criticized by public opinion 12/27/2022 The four years of the Bolsonaro administration have been marked by a flagrant alignment between the president and a large part of Brazilian agribusiness, in a relationship in which both sides have reaped fruits. As seen in the elections, […]
Nutrien to prioritize integration of acquisitions
After nearly tripling in size in Brazil, company does not rule out new purchases 20/12/2022 Andre Dias — Foto: Silvia Zamboni/ Valor After nearly tripling in size in Brazil by 2022 and reaching revenues of R$8 billion, Nutrien has elected as goals for the country in 2023 to ensure the proper integration of assets purchased […]
New wave of railroad projects totals R$61bn
Package includes auctions, renewals, and an authorization regime 12/20/2022 In the last four years, the railroad sector has seen a wave of new projects. At least R$61 billion in investments were contracted (considering the values at the time of contracting), including auctions of new stretches, early renewal of concessions, and a new private railroad. The […]
Delinquency on revolving credit cards hits all-time high, 44%
Credit card deterioration has driven the worsening of individuals’ defaults 12/20/2022 Delinquency on revolving credit cards – when the client does not make full payment of the invoice – reached the level of 44.4% in October, which is the most recent data released by the Central Bank. This is the highest level in the records, […]
Imports put pressure on rubber producers
Import tax of 16% levied on truck tires and latex was zeroed in 2021; industry expects the return of the charge 12/19/2022 The estimate is that Brazil can achieve self-sufficiency in the production of natural rubber with a slight expansion in the production area — Foto: Anna Caro The natural rubber production sector and the […]