The Brazilian food supply agency projects a 10.3% increase for the 2024/2025 harvest. Soybeans and corn remain the predominant crops in the country.
Author: Agência Brasil
Brazil’s gross domestic product saw its largest growth since 2021. The expansion of industry, construction, and household consumption were some of the key drivers. As unemployment reached the lowest unemployment, Brazilians increased their spending.
According to Petrobras’ director for exploration and production, Sylvia dos Anjos, the Brazilian state-run oil firm is looking to acquire oil fields in African countries.
The countries that make up the BRICS house more than 40% of the global population and account for over a third of the world economy. With a reformist agenda for the international order, the group works to increase its global influence.
Brazil will take over the temporary presidency of the group in January and intends to use its leadership to seek understanding on issues such as climate change, poverty reduction, and artificial intelligence governance, according to Ambassador Eduardo Saboia.
Domestic production grew from January to November and is expected to reach 33.7 million tonnes by the end of 2024. Imports also increased over the period, but exports fell.
Oil is on track to become Brazil’s main export product in 2024. This will be the first time in history, according to data from the historical series that began in 1997.
The Brazilian state-run oil firm has approved a business plan for 2025-2029, with projected investments of USD 77 billion in exploration and production, USD 20 billion in refining, transportation, and marketing, and USD 11 billion in gas and low-carbon energy.
Economic activity picked up by nearly 1% month-on-month and by 5.1% year-over-year in September as per Brazilian Central Bank figures.
The Brazilian company saw a decline in oil production in the third quarter but posted a record high in the share of pre-salt oil in refineries and an increase in the production of oil products. In September, it achieved the best monthly result for the utilization factor of its refining capacity.
The declaration from the summit of the bloc, which is taking place in Russia, advocates for changes in international organizations, allowing more space for less developed countries. Brazil’s President Lula participated online. Thirteen new countries will be invited to join BRICS as partner states.
The Brazilian Chamber of Foreign Trade raised the import tax to 25% on certain iron and steel products and also increased rates on other items, including sodium chlorite and optical cables. Conversely, tariffs were eliminated for three products, including polyester threads.
The federal government announced the “Rice for the People” program to promote the rice production and stockpiling in the country. The goal is to stimulate the harvest of additional 500 thousand tonnes.
A second Brazilian Air Force aircraft deployed to Beirut to rescue Brazilian citizens carried 20,000 syringe-and-needle kits and 4,000 needles to be donated. Lebanese people are in a state of emergency.
