Brazil Is One of the Countries Best Positioned for Energy Transition
Corn harvest reached 49.3% of the suitable area last week, an increase of 9% compared to the previous week. (Buenos Aires Cereal Exchange)
The government has reduced the number of products covered by the Foreign Sales Declarations (DJVE), including legumes such as peas, beans, lentils, and other grains such as rice and corn. The aim is to simplify regulations, increase exports, make deadlines more flexible and reduce costs. (Government of Argentina)
Meat consumption per capita fell by 15.9% compared to the previous year, reaching 44 kg/person/year between January and May. Production also fell, as reported by the Chamber of Industry and Commerce of Meats report: “In the annual comparison, the production was 7.8% less, with which the industry’s supply contracted by 105.42 thousand tonnes refined/raw/moisture”. (Ciccra)
Second-season corn harvest in the center-south reached 21% of the cultivated area since last Thursday, the highest rate for this time of year since 2013. (AgRural)
The first carbon credit for coffee removal has reached the market, by Fazenda Santa Bárbara, State of Minas Gerais. The farm will sell 1,900 tonnes of carbon dioxide, accumulated over 9 years. (Tero Carbon)
45.19 million tonnes of sugarcane were processed in the 2H of May, a 3.36% drop compared to the same period last year. As a result, sugar production in the 2H of May was 2.7 million tonnes, a 7.7% drop. This was due to unfavorable weather conditions for harvesting in areas in the States of Paraná, Mato Grosso do Sul and some areas of São Paulo. (Única)
Santos Port reported a record of cargo movement in May, with 15.8 million tonnes, an increase of 4.9% compared to the same period last year. This was due to cargoes of agribusiness products, with emphasis on sugar, with 2.2 million tonnes in May (+18.7%), followed by coffee beans (+89.1%), meats (+32.2%) and pulp (+14.3%). Anderson Pomini, president of the Port Authority of Santos, points out that “the infrastructure to serve agricultural harvests is expanding in the port complex of Santos and is one of the strong drivers of this performance.” (APS)
Brazil scored 65.7 points in the Energy Transition Index in 2024, ranking it as one of the countries best positioned for energy transition, ahead of the United Kingdom, China and the United States. This is due to the use of biofuels, hydroelectric power and advances in solar energy. A report by the World Economic Forum states: “Recognized worldwide for having one of the cleanest matrices, Brazil has seen continued expansion in its renewable energy industry.” (World Economic Forum)
Timberland Investment Group, a BTG Pactual fund, will provide 8 million carbon credits to Microsoft by 2043. The strategy will be for the conservation, restoration and planting of deforested and degraded properties in regions of Latin America, valued at US$ 1 billion. (TIG)
São Martinho Group recorded a net profit of US$ 270.2 million in the 2023/24 harvest, an increase of 45.3% compared to the 2022/23 harvest, with US$ 186 million. The company’s net revenue increased 4.2% between the two harvests, from US$ 1,216.3 billion to US$ 1,267.4 billion, indicating a historic record. (São Martinho Group)
Kiwi exports should grow by 7%, from 130,000 tonnes to 139,000 tonnes. “…there was a positive effect of the delay in the season, as it allowed the fruit to gain more weight and have a larger size, leading us to re-estimate exports,” said Carlos Cruzat, president of the Comité del Kiwi. (Comité del Kiwi)
Agricultural emergency situation has been declared in La Araucanía and Biobío due to the frontal system (a region where two air masses with different temperatures and humidity meet) and the floods. The resolution will accelerate the implementation of Emergency Aid to support farmers and ranchers with inputs. “Minagri is already mobilized on the field, in coordination with regional and local authorities, to update preliminary information that will allow us to assess the best way to meet the needs of each of the affected farmers,” said Ignacia Fernández, Undersecretary of Agriculture. (Minagri)
The Colombian economy grew by 5.5% in April of 2024, with the agricultural sector standing out with growth of 4.5%, behind only the public administration (7.3%) and energy (4.7%) sectors. “…the expansion of the agricultural sector has contributed significantly to job creation and the reduction of unemployment in the country”, said the Minister of Agriculture, Jhenifer Mojica. (ISE; DANE; Ministry of Agriculture)
Berry exports are expected to fall by 18 to 20%. This is mainly due to drought and extreme heat, but also to pests, exchange rate, lack of skilled labor and rising costs. (Aneberries)
Corn exports fell 43.3% compared to the same period last year, from US$ 123.2 million to US$ 69.9 million. A total of 388.6 tonnes of corn were exported from January to May, a drop of 22.4% compared to 2023. (Central Bank of Paraguay)
Approximately 5,100 agricultural kits were delivered to farmers in the Arequipa region, to protect 200,000 heads of cattle. The deliveries are part of a program that aims to prevent diseases and death of animals, ensuring food security in 30 districts of the country. The kits include antiparasitic drugs, antibiotics and vitamins for the animals. In addition, the program is building 450 protective sheds for 54,000 heads of cattle, with delivery scheduled for the end of July. (Agro Rural)
The Sonomoro del VRAEM Agricultural Cooperative will export 150 tonnes of organic cocoa to Italy and the Netherlands. “The foreign companies ICAM (Italy) and Cacao Latitudes (Netherlands) value the support given by the Government to the work and effort of small farmers and that by sea it will reach international markets in the coming days,” said Midagri. (Minagri; Sonomoro del VRAEM Agricultural Cooperative)
NuBerry Farms, a North American blueberry company, intends to invest in a production plant in the south of the country. The company already has partnerships with farmers in Chile and Peru, and plans to expand with production in the south of the country and the creation of new varieties of the fruit. (NuBerry Farms)
Cooperativa Nacional de Productores de Leche has made an extraordinary payment of US$ 5 million to the cooperative’s milk farmers. This will be an additional payment of US$ 0.5 per liter of milk shipped from February to March. (Conaprole)
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