Savi’s Clipping #19

Looking for an update on the main news that moved the world last week? Check it out below!

• Ethanol import tax exemption has come to an end.

In an attempt to encourage the production as well as the domestic sale of ethanol, the government has decided to end a tax exemption on its imports. The United States – currently our main supplier of Ethanol – has already reacted an issued a statement about the decision, since it could mean a significant business decline to Brazil. From now on, fuel imports will be taxed at 16%, with a possible 18% for next year.

• Brazilian port handling reached 1.2 billion tons in 2022.

Foreign Trade never stops and Brazil is still going strong. It keeps reaching historical records! Last year, the country got its highest annual result, handling 1.2 billion tons. The Ports of Santos, Suape, Itaqui, and Paranaguá are to be highlighted.

• Beef and chicken exports register growth.

Brazil has a strong international relevance in the meat market. According to data released by the Brazilian Association of Meatpacking Companies (ABRAFRIGO), last month, chicken exports reached US$856.6 million, which is equivalent to more than 420 thousand tons, a high of 40% and 20%, respectively. Regarding the shipments of beef, it had a 17% growth in volume and 7% with respect to revenue, achieving 183 thousand tons and US$ 851 million. China continues to be the main destination of our meat with a 57% share.

Stay tuned to our social networks and be informed about what happens in Brazil and in the world!