Brazilian soybeans imports to China during the month of March dropped 24.8%, over the same month last year. The data was released by the Chinese General Customs Administration last Sunday, April 26, and shows soy imports from Brazil reached 2.1 million tons in March, compared to 2.79 million tons in the same period last year.
“We're on another path, the path of prosperity, not in the path of despair”, said Brazilian economy minister Paulo Guedes when asked about Argentina's decision to partially abandon Mercosur. It was also an opportunity for president Jair Bolsonaro to openly express support for his the “super” minister, who seemed strongly weakened following the forced resignation of the other “super” minister Sergio Moro.
Brazilian industrial confidence crashed to its lowest level on record in April, a survey showed as the lockdowns and sudden halt to swathes of activity lashed Latin America’s largest economy.
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
Sergio Moro, Brazil's justice and security minister resigned on Friday after clashing with President Jair Bolsonaro over the sacking of the federal police chief. Moro, a former anti-corruption judge, hit out at “political interference” in the federal police, saying he could not do his job without “autonomy” for the force.
Brazilian stocks sank as much as 9.6%, and the Real slid to new lows on Friday as political turmoil in the country added to mounting concerns over the coronavirus outbreak, while risk aversion ravaged Latin American markets.
Brazilian Justice Minister Sergio Moro has threatened to resign if President Jair Bolsonaro goes ahead with plans to change the head of the federal police, according to reports in the daily O Estado de Sao Paulo. Moro insists it is the Justice minister that must appoint the Federal Police chief.
Brazil's Real eyed a fresh record low on Thursday, while other Latin American currencies were muted as markets mulled over increasingly dire economic readings due to the coronavirus.
Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox.
Indonesia has issued permits to import 20,000 tons of beef from Brazil or Argentina, the Trade Ministry’s director-general of domestic trade, Suhanto, told parliament on Thursday