Pork export volume and revenue grow above 9% in 2023
Brazilian pork exports (including all products, both fresh and processed) ended 2023 with a record performance, totaling 1.229 million tons, reports the Brazilian Animal Protein Association (ABPA). Furthermore, the result exceeds the total volume shipped in 2022 by 9.8%, with 1.120 million tons. In revenue, sales […]
Brazil's 2023/24 soybean harvest estimated at 155.2 million tons, says Cogo
Cogo Intelligence in Agribusiness estimated Brazil's soybean harvest in 2023/2024 at 155.2 million tons, as highlighted this Monday. The consultancy reduced its projection by around 5 million tons compared to December's figures. In the report, the consultancy also stated that it should point out new losses in the next […]
Advancement of the regulated carbon market
Recognized worldwide as an efficient mechanism for reducing GHGs, parliamentarians from the National Congress worked to regulate the national carbon market. The respective bills (PL) were approved in the Chamber of Deputies and the Senate in 2023. With these proposals well designed, it is now time to align small details of convergence and […]
EU will investigate Chinese biodiesel dumping allegation
The European Commission (EC) has announced that it will launch an investigation into allegations that biodiesel imports from China are being sold in Europe at artificially low prices, as reported by Reuters. According to the EC, “EU producers claim that these imports seriously harm their sector, as they are unable to compete with such prices […]
The impact of the Red Sea crisis on international logistics
Recent historical events have demonstrated that geographic, social and environmental events directly impact foreign trade and the chartering of these companies. In fact, this impact could be the result of a global pandemic, conflicts between neighboring countries or even the blockage of a highly busy canal by a stranded ship. Current Challenges in the Red Sea Currently, […]
US farm groups raise concerns about China's trade status
The recent proposal by the US Select Committee on the Chinese Communist Party to suggest to Congress the revocation of China's Permanent Normal Trade Relations (PNTR) status has, in fact, generated intense discussions. Additionally, a representative coalition of U.S. agricultural organizations, led by Farmers for Free Trade, expressed serious concerns about […]
Extra demand for soybean oil for biodiesel in Brazil in 2024 does not seem to be so “bullish”
The increase in the blend of biodiesel in Brazil's diesel from March 2024, from 12% to 14%, will ensure a considerable additional demand of around 5 million tons of soybeans for the production of the main raw material of the renewable fuel, the soybean oil, but there are factors limiting the impact on […]
India extends low import tariffs on oils until 2025
In a continued effort to stabilize edible oil prices domestically, the government of India has announced the extension of reduced import duty rates for edible oils until March 2025. This decision, as revealed in a government order seen by Reuters, reflects India's position as the largest importer […]
Spanish and Italian police seize 5,000 liters of adulterated olive oil
Law enforcement authorities in Spain and Italy seized more than 5,000 liters of adulterated olive oil in operations, according to a report by The Guardian. They detained eleven people during the raids, dismantling an international gang that allegedly sought to sell cheaper, lower quality olive oils as if they were their more expensive equivalents, […]
