2 June 2020
Economist Roberto Fendt will join the Brazilian government next month as a deputy minister of the economy, with responsibility for foreign trade and international affairs, Agência Brasil reports, quoting Minister of the Economy Paulo Guedes. The Brazilian state-run news agency says Mr Fendt is the executive secretary of the Brazil-China Business Council. Official figures from … Continue reading "Figure prominent in trade with China joining Brazilian govt"
1 June 2020
Trade in merchandise between China and Portuguese-speaking Countries reached US$31.968 billion in the period from January to March 2020. It represented a 5.13 percent decline year-on-year, according to data from China Customs. Portuguese-speaking Countries sold goods worth US$23.227 billion to China in the first three months of 2020 – a decline of 5.15 percent year-on-year. … Continue reading "Trade between China, Portuguese-speaking Countries tops US$31.97bln in January-March 2020"
1 June 2020
Commodities trader China National Cereals, Oils and Foodstuffs Corp. (COFCO) will begin in July using its terminal in the southern Brazilian port of Santos for loading sugar instead of grain, Reuters reports. The news agency, citing a written announcement by COFCO, says the Chinese state-owned company is making the change in the light of forecasts … Continue reading "COFCO terminal in Santos shifting to handling sugar"
29 May 2020
The volume of Chinese imports of Brazilian soybeans rose to 5.9 million tonnes last month, 2.6 percent more than a year earlier, Reuters reports, citing figures given by the Chinese General Administration of Customs. The news agency attributes the sequential rise to the weather last month being more favourable for transporting cargo on time than … Continue reading "China imports 5.9 mln tonnes of Brazilian soybeans in April"
28 May 2020
Brazil has begun exporting melons to China, the first fresh fruit it has ever shipped there, Agência Brasil reports, citing Brazilian Agriculture, Livestock, and Supply Minister Tereza Cristina Dias. The Brazilian state-run news agency quotes Ms Dias as saying she is trying to open foreign markets to Brazilian foodstuffs other than soybeans, maize, meat and … Continue reading "Brazilian exporters begin shipping fresh fruit to China"
27 May 2020
China and Brazil have reached agreement on deep cuts in tariffs on Chinese imports of sugar, the Brazilian sugar industry association, Unica, says. Unica issued a written statement saying China will set its tariff on the first 1.95 million tonnes of sugar it imports each year at 15 percent, and cut its tariff on imports … Continue reading "Deal done on tariffs on Chinese imports of Brazilian sugar"
26 May 2020
China has imported 230 kg of Brazilian maize for its global transfer base for the introduction of animal and plant germplasm resources , the first seed from a foreign source to be added to the seed bank, Xinhua reports. The Chinese government-run news agency says the shipment of maize is now in quarantine in the … Continue reading "China receives shipment of Brazilian maize for its seed bank"
22 May 2020
Alpargatas S.A., the Brazilian owner of the Havaianas brand of flip-flop sandals has made Australian-born Chinese actress Cecilia Song Yanfei the first Havaianas brand ambassador in China, the Phoenix New Media website reports. The Chinese website quotes Havaianas Asia-Pacific President Robert Esser as saying Ms Song’s authenticity on the big screen matches the feeling of … Continue reading "Cecilia Song the first Havaianas brand ambassador in China"
21 May 2020
Brazilian producer of meat Marfrig Global Foods announced on Monday a profit of 1.2 billion reals (about US$209.8 million) in the first quarter of this year, over double the amount it made a year earlier, Reuters reports. The news agency says Marfrig announced that first-quarter sales rose by 26.6 percent to 13.5 billion reals. The … Continue reading "Marfrig doubles Q1 profit as Chinese meat market rebounds"
20 May 2020
An association of Brazilian producers of meat, ABPA, expects Chinese demand to maintain the strength of Brazilian exports of chicken this year, Reuters reported on Friday. The news agency quotes ABPA President Francisco Turra as forecasting that Brazil will export between 4.3 million tonnes and 4.5 million tonnes of chicken this year, or up to … Continue reading "Chinese demand tipped to drive Brazilian exports of chicken"
19 May 2020
China Telecom Global Ltd and Angola Cables have agreed to increase the capacity of telecommunications connections among China, Angola, and Brazil, the Chinese state-owned enterprise says. China Telecom Global announced in writing on Thursday that the companies have agreed to set up a fast link via South Africa, namely by using Angola Cables data centres … Continue reading "New link to speed data flows among Angola, Brazil and China"
19 May 2020
A new reference document says economic engagement by China and the Portuguese-speaking world can help develop the Guangdong-Hong Kong-Macao Greater Bay Area, the People’s Daily reports. The Chinese Communist Party newspaper says the document is the Sino-Lusophone Economic and Trade Cooperation Blue Book, published jointly by the Chinese Academy of International Trade and Economic Cooperation, … Continue reading "Greater role for Macao in international engagement envisaged"
19 May 2020
Official data indicate that Brazilian exports to China were worth 11.3 percent more in the first four months of this year than in the corresponding period last year, Radio France Internationale (RFI) reports. The French public broadcaster, citing figures from Brazil’s Secretariat of Foreign Trade, says Chinese demand for Brazilian merchandise buoyed up Brazilian exports … Continue reading "Brazilian exports to China so far in 2020 on the rise"
18 May 2020
Brazil shipped 9.3 million tonnes of soybeans to China last month, the most in any month yet, the Financial Times reports, citing preliminary data collected by ship brokers Braemar ACM. The newspaper quotes the lead dry cargo analyst for Braemar ACM, Nick Ristic, as saying: “China, for now, seems to be trying to satisfy all … Continue reading "April shipments of Brazilian soybeans to China break record"
18 May 2020
Shipments of poultry flesh to China by Brazilian meat processor BRF SA were 90 percent greater in April than a year earlier, as more BRF slaughterhouses obtained permission to export to China, Bloomberg reports. The news agency quotes BRF Chief Executive Lorival Luz as telling a teleconference on Monday that Chinese demand for meat will … Continue reading "April poultry shipments to China by BRF nearly double"
15 May 2020
Macao is among five new markets that Brazil has begun shipping coffee to in April, the Brazilian Council of Coffee Exporters, or Cecafé, announced on Tuesday. Official Cecafé data show that the first shipment to Macao, last month, weighed 19.2 tonnes and was worth US$40,100. The latest edition of the Council’s monthly export report shows … Continue reading "Macao among new customers for Brazilian coffee"
14 May 2020
Brazilian state-owned company Petróleo Brasileiro SA (Petrobras) said on Monday it has struck crude oil of a high grade in the Búzios field off southeastern Brazil, Agência Brasil reports. The Brazilian state-run news agency quotes a written announcement by Petrobras as saying the company found an oil reserve stretching for 208 metres deep beneath the … Continue reading "Sino-Brazilian consortium finds high-grade oil off SE Brazil"
13 May 2020
Vale SA Chief Financial Officer Luciano Siani forecasts what he calls a “very vigorous” economic rebound in China, the main market for the iron ore the Brazilian miner exports, Valor Económico reports. The Brazilian newspaper quotes Mr Siani as saying in an interview on Friday that the recovery of the Chinese economy will depend in … Continue reading "Vale executive tips Chinese economy to recover vigorously"
12 May 2020
The head of the Brazilian association of meat exporters, Abiec, thinks persistently strong Chinese demand means Brazilian exports of beef will be greater this year than in any year on record in terms of volume and value, Reuters reports. The news agency quotes the Abiec chief, Antônio Camardelli, as forecasting that Brazil will export 2 … Continue reading "China tipped to make 2020 Brazilian beef exports superlative"
12 May 2020
The Federal University of Espírito Santo, in southeastern Brazil, has begun using electricity generated by Chinese-made solar panels mounted on the roof, the SolarStar website reported on Thursday. The Chinese website says the 17,400 solar modules, made by JA Solar Holdings Co. Ltd of Shanghai, have a combined capacity of 5.44 megawatts, making the set-up, … Continue reading "JA Solar panels make up Brazil’s biggest rooftop power plant"