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Brazil purchased US$ 4.4 billion worth of products from abroad in July, according to the Brazilian Chemical Industry Association. The trade balance for chemical products is running a deficit.

In an auction conducted by Brazil’s National Petroleum Agency, 99% of the commercialized volume came from producers which had the Social Fuel seal, a proof of their commitment to family farming. The auction will ensure the supply to the Brazilian market in September and October.

The announcement was made by CEO Mary Barra to president Dilma Rousseff, in Brasília, and the sum should go into new products and improvements in current models up until 2018.