Commodities reporter
Reese's Feed
Feb 18, 2013

Protesters at Brazil’s Santos port occupy Chinese ship

SAO PAULO (Reuters) – Brazilian workers at the port of Santos occupied the Chinese ship Zhen Hua 10 early on Monday in protest against the government’s plan to modernize Brazil’s ports, the head of the main labor union representing the protesters said.

The Zhen Hua 10 is carrying cranes that will be deployed at the private container terminal Embraport, owned by local conglomerate Odebrecht, trading company Coimex and the United Arab Emirates’ DP World.

Feb 11, 2013

Analysis: Big crop, policy revive Brazil’s sugar-ethanol mills

SAO PAULO (Reuters) – Brazil’s big sugarcane mills have begun to invest in ethanol production again, after licking their wounds from years of slim margins, as an expanding crop and favorable government policies brighten the horizon for the biofuel.

The world’s largest sugarcane industry is still fragile, but a record cane crop is swelling in the fields nearly ready for harvest, which will improve mills’ profit margins by spreading costs over a bigger stream of revenue.

Feb 11, 2013

Big crop, policy revive Brazil’s sugar-ethanol mills

SAO PAULO, Feb 11 (Reuters) – Brazil’s big sugarcane mills
have begun to invest in ethanol production again, after licking
their wounds from years of slim margins, as an expanding crop
and favorable government policies brighten the horizon for the
biofuel.

The world’s largest sugarcane industry is still fragile, but
a record cane crop is swelling in the fields nearly ready for
harvest, which will improve mills’ profit margins by spreading
costs over a bigger stream of revenue.

Feb 5, 2013

Brazil launches road show to shop infrastructure projects

SAO PAULO, Feb 5 (Reuters) – Brazil will showcase its
biggest investment opportunities on a global road show to try to
drum up investment in direly needed infrastructure projects
while urging the private sector to accept lower returns than it
had in the past.

Finance Minister Guido Mantega and the CEO of investment
bank BTGPactual, Andre Esteves, pitched Brazil’s potential to
hundreds of bankers and business leaders at the road show’s
launch in Sao Paulo on Tuesday. In just over a year, the country
will host the 2014 World Cup Soccer tournament and in 2016, the
Olympic Games.

Jan 24, 2013

Soy ships head to Brazil early, expect to pay heavy delay costs

SAO PAULO, Jan 24 (Reuters) – Big trading houses are
dispatching an armada of ships to Brazil hoping for a good spot
in line to load up a record soybean crop that will largely not
hit local ports for a few more weeks.

The price of Panamax shipping capacity on the global market
has responded in anticipation of bumper grain crops approaching
harvest in South America. Baltic drybulk prices have
risen 15 percent so far in 2013.

Dec 17, 2012

Egypt, Russia may restrict Brazil beef on mad cow doubts

SAO PAULO/SKOLKOVO, Russia, Dec 17 (Reuters) – Russia and
Egypt, the No. 1 and No. 3 importers of Brazilian beef, may ban
shipments of the meat from the state of Parana, which registered
a case of atypical mad-cow disease earlier this month, Russian
and newspaper sources said.

But both foreign markets are likely to continue to buy large
volumes of beef from other states of the world’s largest
supplier, highlighting the still-limited impact of the atypical
case of bovine spongiform encephalopathy (BSE), commonly called
mad cow disease, on Brazil’s grass-fed beef industry.

Nov 14, 2012

JBS to beef up production from grass-fed Brazil herd

SAO PAULO, Nov 14 (Reuters) – JBS SA, the world’s
biggest meat company, is betting on Brazil’s grass-fed beef
industry to win gl obal m arket share as high grain prices squeeze
production in other countries.

In the coming months, the family-run company will open six
additional slaughterhouses that will increase its beef
production capacity in Brazil by 15 percent, Chief Executive
Wesley Batista said on Wednesday.

Oct 23, 2012

Analysis: Prices drive soy farming into Brazil cattle country

NOVA XAVANTINA, Brazil (Reuters) – Farmers like Endrigo Dalcin are so keen to plant Brazil’s biggest-ever soybean crop that they are tearing down the fences around once-sacred territory: pastures that feed the world’s largest commercial cattle herd.

After the worst drought in 56 years roasted U.S. crops and drove soy prices to an all-time high of almost $18 a bushel, sowing soybeans promises landowners such as Dalcin three times the returns that grazing cattle on grass can.

Oct 23, 2012

Prices drive soy farming into Brazil cattle country

NOVA XAVANTINA, Brazil, Oct 23 (Reuters) – Farmers like
Endrigo Dalcin are so keen to plant Brazil’s biggest-ever
soybean crop that they are tearing down the fences around
once-sacred territory: pastures that feed the world’s largest
commercial cattle herd.

After the worst drought in 56 years roasted U.S. crops and
drove soy prices to an all-time high of almost $18 a bushel,
sowing soybeans promises landowners such as Dalcin three times
the returns that grazing cattle on grass can.

Aug 1, 2012

Brazil truck strike ends after deal with government

BRASILIA/SAO PAULO, July 31 (Reuters) – Brazilian truckers
ended a week-old strike on Tuesday after agreeing to start talks
with the government, in a stoppage that had raised worries over
food prices as it disrupted the flow of goods in the country’s
heavily populated southeast.

Truckers were protesting the government’s move in June to
require drivers to rest at least 10 to 12 hours a day in an
attempt to reduce accidents and improve road safety.

    • About Reese

      "I'm a ten-year Reuters commodities reporter in Brazil. The economic coming of age of the emerging markets has elevated the importance of the country's mineral and agricultural potential. After a decade here, I still feel as though I've only scratched the surface in understanding the country's wealth and diversity in commodities markets ranging from soybeans, sugar, coffee and orange juice to iron ore, petroleum and timber."
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