SAO PAULO/NEW YORK, Aug 10 (Reuters) – Sugar prices hit their highest level in more than four years on Tuesday after a report confirmed damage to sugarcane crops in the world’s larger producer Brazil from unusually harsh frosts in June and July. Sugar production in Brazil’s centre-south region fell by 11% in the second half […] Read more
Stories by Marcelo Teixeira
Brazil corn demand to jump in 2020; sharp drop in exports likely
SAO PAULO, (Reuters) – Domestic demand for corn is expected to grow six percent in Brazil in 2020, driven by increasing corn-ethanol production and buying from the meat industry, which uses the cereal to make livestock feed, Dutch bank Rabobank projected on Thursday. That outlook would likely reduce exports from one of the world’s top […] Read more
Brazil’s new soybean crop seen reaching record above 121 mln tonnes
SAO PAULO, (Reuters) – Planting of Brazil’s new soybean crop is about to start in most producing regions and output is expected to increase by 5.5 percent compared with the previous crop to a record 121.41 million tonnes, broker and consultancy INTL FCStone said on Thursday. It expects planting growth of 1.6 percent in the […] Read more
Brazil sets sights on China’s ethanol market, but high volumes unlikely
SAO PAULO, (Reuters) – Brazil’s ethanol industry is looking to grab a chunk of China’s ethanol market as the Asian nation targets a 10 percent blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter. China wants to add 10 percent of ethanol to […] Read more
Dreyfus sees Brazil, Argentina soy flows surging on U.S.-China dispute
PAULO, (Reuters) – Global commodities trader Luis Dreyfus Co is prepared for another unusually strong second half for Brazil’s soy exports to Asia as the U.S.-China trade war drags on, with Argentina poised to profit as well this year, a senior executive told Reuters. Dreyfus benefited the most from last year’s surprise second-half boom in […] Read more
China’s COFCO plans to boost Brazil ops
SAO PAULO, (Reuters) – Chinese commodities trader COFCO plans to increase investments in Brazilian operations as the business environment in the country is likely to improve after approval of economic reforms, the company’s chairman, Johnny Chi, said on Monday. Speaking at Brazil’s 2019 Agribusiness Congress, Chi said COFCO is looking at investments such as new […] Read more
U.S. tractor maker AGCO rolls out Fendt line for Brazil farmers
SAO PAULO, April 23 (Reuters) – U.S. agricultural machine maker AGCO Corp said on Tuesday it would launch its flagship Fendt line of equipment in Brazil later this year, targeting large soybean farmers in the vast center-west region. AGCO will first bring the German-made line of Fendt Vario high-power tractors to Brazil’s grain heartland, the […] Read more
