News

Sugar-energy sector will have R $ 3 billion to store ethanol

Published Jun 19, 2020

Tridge summary

The Confederation of Agriculture and Livestock of Brazil (CNA) and other entities in the sugar-energy sector had this week one of their requests answered by the federal government with the approval, by the BNDES, of a financing line of R $ 3 billion for the storage of ethanol. This was one of the demands made by the production chain to mitigate the losses in activity caused by the pandemic.

Original content

This is what the CNA weekly bulletin reports, which presents the main events in the sector from the 1st to the 5th of June, both in the domestic market and in the international scenario. "It is hoped, with the measure, to allow the storage of up to 6 billion liters, in addition to reducing the pressure on ethanol prices and enabling its commercialization in the future at opportune times", points out the CNA. The bulletin that the CNA started to release on Saturdays in this pandemic period of the covid-19 also highlights the increase in exports of beef, pork and poultry in May. Credit and legal security The CNA, the Agriculture and Livestock federations, the Agro Council and the Agricultural Parliamentary Front met with the President of the Chamber of Deputies, Rodrigo Maia, and the Minister of Agriculture, Tereza Cristina, to discuss measures of modernization of rural credit and legal security for agribusiness. At the meeting, the CNA outlined a panorama of rural credit in Brazil, ...
Source: Agroemdia
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.