SAO PAULO, Feb 19 (Reuters) – Brazilian dock workers,
protesting a government port modernization drive that they fear
will cost them jobs, stood fast for a second day on Tuesday,
refusing to let nonunion workers unload a Chinese ship at Santos
About 60 stevedores boarded the Zhen Hua 10 early on Monday,
stopping it from unloading cranes manufactured by the Shanghai
Zhenhua Heavy Industry Company. The cranes are to be installed
at Embraport, a new private container terminal in Santos that
does not use established union procedures to hire workers.
SAO PAULO, Feb 18 (Reuters) – Brazilian port workers in
Santos occupied a Chinese ship on Monday in protest against the
government’s plan to modernize the country’s ports, the head of
the main labor union representing the protesters said.
The protest underscores the headwinds President Dilma
Rousseff faces in her plan to dislodge infrastructure log jams
that have helped keep Brazil from growing as quickly as other
large emerging economies such as China, Russia and India.
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.
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.
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
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.
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
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.
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.
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.
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.