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The agriculture ministers of India and Brazil joined together to participate in a major meeting of the G20, where the main topics to be discussed are the global challenges related to agriculture

Written by Bruno Teles
Published 10/02/2023 às 20:22
Updated 18/03/2023 às 18:01
Suresh Reddy
Suresh Reddy - Ambassador of India to Brazil (Photo/disclosure)

At the meeting between the representatives of Brazil and India, topics such as food security, technology in agriculture and the export of soy and soy oil were discussed. The aim was to promote collaboration between the two nations to improve agricultural production conditions and strengthen the global economy.

The Minister of Agriculture and Livestock of Brazil, Carlos Fávaro, received this Wednesday (8) the Indian Ambassador to the country, Suresh Reddy. The purpose of the meeting was to discuss Brazil's participation in the G20 meeting of agriculture ministers to be held in June this year in Hyderabad, India.

This event is part of the rotating presidency of the G20 that this year is under the command of India, while in 2024 it will be the turn of Brazil take the lead in this group which brings together the 20 largest global economies.

Power interview: Carlos Fávaro, Minister of Agriculture 

via power360

Lula emphasized the importance of achieving sovereignty and strengthening trade relations as a priority for the ministers. the meeting at Map addressed topics such as food security, technology in agriculture and export of soy and soy oil. The ambassador explained that Indian food distribution and eating habits have changed over the years.

Thus, he suggested that a mission of brazilian businessmen visit India to understand these changes. To achieve this goal, it is essential that there is a well-defined plan to ensure success in this journey.

The meeting was attended by Roberto Perosa, Secretary of Commerce and International Relations, Carlos Goulart, Secretary of Agricultural Defense, and Fernando Zelner, Deputy Secretary of SCRI. The assembled team discussed important issues for the country's economic growth and social development.

Research indicates that practically seventy percent of carriers increased freight rates above average in the second half of 2022

The survey carried out by NTC&Logística showed that 69% of Brazilian road transport companies were able to readjust freight rates by 14,8%, while 28% of participants offered discounts of 6,6%. This was a significant change from the previous survey, as 73% of companies had managed to readjust prices. However, a minority of carriers maintained the original freight rate.

The president of NTC&Logística, Francisco Pelucio, issued a note to suggest that companies do not fail to charge the correct cost for their services. Despite the drop in the price of diesel in the second half, other important expenses still affect carriers, such as vehicle maintenance and labor. 

To respond to expenses, transporters were able to partially pass on fuel costs, with a rate of 81,6%, higher than that recorded in the previous survey (74,5%). Therefore, it is necessary to analyze all factors so that companies can continue to operate.

The recent survey showed that only 7,5% were able to fully cover diesel costs, while 11% were able to in the previous survey. This means that there is a lag of 11,2% in road freight in relation to costs, compared to 13,8% in the previous survey. Despite this, the index of companies with freight delays remained virtually unchanged at 77%. 

This data is worrying, as it prevents companies from growing and investing in equipment and hiring new employees. The high rate of companies not receiving their freight is a clear sign that urgent measures must be taken to improve this situation.

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Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 3.000 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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