Brazil's poultry exports fell in May, hit by bird flu case
Herlon Brandao, director of Statistics and Foreign Trade Studies at the Ministry of Development, Industry, Trade and Services, said at a press conference that poultry exports had been on the rise before the outbreak, the first on a commercial farm in Brazil.
In May, poultry exports fell 12.9% to $655 million, while volumes declined 14.4% to about 363,100 metric tons.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
4 hours ago
- Reuters
BRICS leaders to call for data protections against unauthorized AI use
RIO DE JANEIRO, July 6 (Reuters) - Leaders of the BRICS group of developing nations will call for protections against unauthorized use of artificial intelligence (AI) to avoid excessive data collection and allow mechanisms for fair payment, according to a draft statement seen by Reuters. The diplomatic bloc is dedicating part of its discussions on Sunday to AI during a two-day summit in Rio de Janeiro. Big tech firms largely based in wealthy nations have resisted calls to pay copyright fees for material used to train AI models.
Reuters
a day ago
- Reuters
Vietnam Q2 GDP growth quickens on strong exports, US trade deal brightens outlook
HANOI, July 5 (Reuters) - Vietnam's economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after U.S. President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vietnamese products. Concerns over the Southeast Asian manufacturing hub's outlook had been growing in the run up to the trade deal announced on Wednesday, particularly as the United States is Vietnam's biggest export market. Gross domestic product growth in the April-June quarter accelerated to 7.96% year-on-year, from the 6.93% in the first quarter, government data showed on Saturday. It was just short of Hanoi's full-year growth target of at least 8%. "Economic performance in the first half of this year was positive and close to our target amid global and regional economic uncertainties," the National Statistics Office said. Exports were a bright spot in the last quarter, rising 18.0% to $116.93 billion from a year earlier, while imports were up 18.8% at $112.52 billion, translating into a trade surplus of $4.41 billion, the NSO data showed. Industrial production in the period rose 10.3%, while June consumer prices rose 3.57%. Trump announced on Wednesday the United States and Vietnam reached a trade deal, under which Vietnamese goods would face a 20% tariff, with trans-shipments from third countries through Vietnam also facing a 40% levy. Vietnam could import U.S. products with a zero percent tariff. The tariff rates were lower than an initial 46% rate threatened by Trump in April. Vietnam hailed the deal as a boost for business and said negotiators were working to finalise details, as business groups awaited clarity on the finer points to assess the impact of the new tariffs. The United States is the largest export market for Vietnam, a regional manufacturing hub housing several multinational companies such as Samsung Electronics and Foxconn. The United States recorded a trade deficit of $123 billion with Vietnam last year, one of its highest globally. Vietnam is also home to several Chinese companies, which analysts said are likely the main targets for the 40% tariff on trans-shipments. China is Vietnam's largest two-way trading partner on which it relies heavily for components and materials for its manufacturing industries. Fitch Solutions said in a note on Friday that Vietnam's exports and investment will remain strong for the rest of the year and signalled upside risks for its 2025 GDP growth forecast of 6.4%. "With the new 20% tariff, we think the government will speed up industrial upgrading and shift exports from low-margin goods to higher value-added products such as semiconductors," it said in a note. Dominic Scriven, founder and chairman of investment firm Dragon Capital, said the trade deal is "net-positive" and the potential GDP hit is less severe than feared. "With external trade risk now moderating, attention can return to the country's core growth engine, the domestic and private sector economy," he said.
Reuters
2 days ago
- Reuters
Brazil posts lower-than-expected trade surplus in June
SAO PAULO/BRASILIA, July 4 (Reuters) - Brazil's trade surplus in June missed analysts' expectations, government data showed on Friday, as imports kept their recent growth path and the government cut its own yearly surplus outlook. Latin America's largest economy's monthly surplus declined near 7% from a year earlier to $5.89 billion, according to the Ministry of Development, Industry and Trade, missing the $6.45 billion forecast in a Reuters poll of economists. Exports rose 1.4% year-over-year to $29.1 billion, as higher prices of coffee and stronger beef exports helped to offset declines in soy, oil and iron ore. Meanwhile, imports increased by a pace of 3.8% to $23.3 billion, amid increased purchases of multiple products, including fertilizers, auto parts, medicine, aircrafts and machines. The ministry also cut its 2025 trade surplus estimate by nearly a third to $50.4 billion, from $70.2 billion previously, increasing the projection for imports and cutting the exports outlook. Year-to-date, Brazil's trade surplus has plunged almost 28% from the same period in 2024 to $30.1 billion.
