U.S. Secretary of State Mike Pompeo warned on Monday the United States and Brazil need to reduce their dependence on imports from China for their own security as the two countries reinforced their business partnership.
The American Chamber of Commerce in Brazil, (AmCham Brasil) released the ‘Brazil-United States Trade Monitor’, which pointed out that bilateral trade in 2020 between Brazil and the United States until September registered the worst result of the last 11 years.
Brazil expects its 2020-2021 grain harvest to beat the record set by the newly completed season by 4.2%, according to an initial forecast released by the state-owned National Supply Company (Conab).
The owner of the world’s largest meatpacker pleaded guilty in U.S. federal court this week to paying nearly US$ 180 million in bribes to top Brazilian officials in exchange for state-backed financing used to go on a buying spree in the U.S.
Brazilian iron ore exports increased by 18.5% in September compared to the same period last year, to 37.86 million tons, after Vale increased the pace of production. The volume shipped last month is the biggest since December 2015, when Brazil exported a monthly record of 39.5 million tons, according to the Ministry of Industry, Foreign Trade and Services.
The Brazilian government is set to discuss a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade bloc, as recently happened with rice, a staple of the Brazilian diet.
Brazilian lawmaker Chico Rodrigues was forced to resign on Thursday from the Senate after police found cash hidden in his underwear during a search of his home.
Brazilian exports of chicken, pork, and beef continue to be in high demand in 2020, according to data from the Brazilian Animal Protein Association (ABPA) and the Brazilian Meat Packers Association (ABRAFRIGO). In September, however, while exports of beef and pork registered a positive performance in relation to the same month of 2019, chicken exports fell 2.3%.
Two months after China said it found residues of Covid-19 in a batch of chicken wings imported from Brazil, Beijing authorities repeated the announcement, but this time in relation to Brazilian beef. Apparently, traces of Covid-19 were detected in beef packaging during an inspection carried out at the Port of Dalian, one of the largest in the country.
President Jair Bolsonaro has never been more popular in Brazil, despite his country's woeful handling of the COVID-19 pandemic. Bolsonaro, who tested positive for the virus on July 7, has dismissed it as a “little flu”. Brazil passed five million Covid-19 cases on Tuesday and recorded its 150.000th death on Saturday.