The Central Bank’s Monetary Policy Committee (Copom) raised on Wednesday the Selic, Brazil’s benchmark interest rate, by 100 basis points, to 11.75% per year. This is the ninth consecutive increase. For the next meeting, the Copom foresees another adjustment of the same magnitude. “The Copom emphasizes that its future policy steps could be adjusted to […]
Brazilian and foreign mining companies operating in the country said Tuesday they are against the bill sponsored by the Bolsonaro administration that foresees the opening of indigenous lands for mining projects. The companies say the issue needs a broader debate. And they are against the limited role that the bill gives to the indigenous people. […]
The unfolding of the war in Ukraine blared a warning for the global operations of the Norwegian Yara, one of the largest suppliers of fertilizers in the world — and a company that competes for the leadership of the Brazilian market with U.S.-based Mosaic. Brazil is among the biggest consumers of fertilizers in the world, […]
The current moment of high fuel prices, due to the geopolitical crisis in Ukraine, and the transition to low-carbon energies generate debates likely to include the role of nuclear power generation in Brazil, said Thiago Barral, head of the Energy Research Company (EPE). “The moment we are living, with rising fuel prices, brings to the […]
Unigel, one of Brazil’s most traditional petrochemical companies, is focusing on agribusiness after Russia invaded Ukraine. Months after restarting the operation of two fertilizer plants leased from oil giant Petrobras, which contributed to 2021 being the best year ever, the company will expand local production of strategic inputs for nitrogen fertilizers and chemicals that are […]
The Russia-Ukraine war has already started to impact M&A operations, according to investment banks and firms consulted by Valor. In these first 20 days of conflict, no deal has been canceled, but there are already discussions about repricing of assets for sale, especially in the segments of oil, gas and agricultural commodities, due to the […]
The Amazon urbanization pattern has a dispersed population, low demographic density, only two metropolises and the absence of medium-sized cities. A great distance separate urban centers, there is lack of access to basic services such as sewage and water networks, garbage collection, power and broadband. The cities have their backs to the forest or to […]
Vetoquinol, one of the largest veterinary companies in the world, expanded revenues in Brazil by 22% last year, to R$129.4 million. By 2026, the French multinational expects to double the size of the operation by creating and exporting products to nearby markets. Jorge Espanha, the company’s chief executive in Brazil, linked last year’s performance to […]
A Brazilian farmer who wants to adopt some practice that reduces greenhouse gas emissions in his property may not always know or have available the necessary technologies to put his ideas in place. But these technologies do exist, and the European Union is making its efforts to show that there may be companies in the […]
Brazilian agribusiness exports reached $10.51 billion last month, 65.8% more than a year earlier and a new record for February, according to data from the Secretariat of Foreign Trade (Secex) compiled by the Ministry of Agriculture. So far, the best February ever had been 2019. Both the average prices of exported products and volumes increased […]