Besides putting pressure on fuel prices, high oil prices are likely to contribute this year to a greater-than-expected growth in revenues from royalties and special participations — an additional amount levied on specific fields — collected by the federal government, states and municipalities. The total value of government participation may increase to R$111.5 billion this […]
Leader in sales volume of over-the-counter drugs expanded more than 20% in 2021 11/03/2022 Jose Roberto Lettiere — Foto: Silvia Zamboni/Valor Cimed, Brazil’s leader in OTC drugs in sales volume, grew twice as much as the country’s market for drugs last year and intends to repeat this performance in 2022. “There are still many open […]
Tereza Cristina will say in Ottawa that guaranteeing supply to Brazil is strategic for planet’s food security 11/03/2022 Tereza Cristina — Foto: Denio Simoes/Valor Agriculture minister Tereza Cristina embarks on Friday for a new round of negotiations with fertilizer exporters. This time, the destination is Canada, the main supplier of potassium chloride to Brazilian producers. […]
Portfolios have suffered losses as the real appreciated and benchmark indexes declined o 11/03/2022 Giuliano De Marchi — Foto: Silvia Zamboni/Valor Brazilians embraced international diversification and allocated part of their assets to strategies unrelated with the country in recent years. Now they face a trial by fire. With the appreciation of the real and benchmark […]
In reaction to fuel hike, senators also approved change in Petrobras pricing policy 11/03/2022 Rodrigo Pacheco — Foto: Claudio Belli/Valor The Brazilian Senate Thursday passed by 56 votes to 8 the final text of the draft supplementary bill 11, 2020, which changes the sales tax ICMS receipts in the states. The Senate, therefore, concluded the […]
Increases announced Thursday for gasoline (18.7%), diesel (24.9%) and gas (16%) is expected to raise Brazil’s official index by 1.52% 03/11/2022 Petrobras raised fuel prices as oil escalates — Foto: Divulgação/Petrobras The adjustment announced Thursday by Petrobras in the prices of gasoline, diesel and gas (LPG) did not surprise the market, but came higher and […]
Possible government interference is seen as “acceptable” amid volatility caused by war in Ukraine 10/03/2022 The strong rise in oil prices in the international market in recent days as a consequence of the Russia-Ukraine war has put pressure back on the pricing policy of Petrobras. As a result, the discussion about how government interference drives […]
World’s largest exporter of orange juice vows to have 100% of its supply chain sustainable 10/03/2022 Mario Bavaresco — Foto: Divulgação Citrosuco, the world’s largest exporter of orange juice, has just defined its commitments in the environmental, social and governance (ESG) fields by 2030. The Matão-based company controlled by the Fischer and Votorantim groups confirmed […]
The weight of fertilizers in production costs continues to rise and already accounts for 35% to 40% of a crop 10/03/2022 Although negotiations have been slow in the Brazilian fertilizer market since the Russian invasion in Ukraine and many uncertainties are still on the radar, one thing is for sure: the price increase has made […]
Power generation company sees better landscape after reducing losses thanks to improvement in reservoir levels 03/09/2022 AES Brasil, a subsidiary of U.S.-based AES Corp., managed to reduce losses in the fourth quarter of 2021 thanks to a substantial improvement in reservoir levels due to a more favorable rainfall regime. Now the power generation company sees […]