Agribusiness
Agribusiness criticizes end of 6x1 scale at Expozebu opening
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Agribusiness leaders gathered at the Expozebu opening in Uberaba, Minas Gerais, on Saturday (25), criticized President Luiz Inácio Lula da Silva's government proposal to end the 6x1 work scale. The ABCZ president urged lawmakers to vote against it, highlighting risks to the sector's economy.
China has temporarily suspended imports from three Brazilian slaughterhouses after detecting residues of a banned synthetic hormone.
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Banco do Brasil reported an adjusted net profit of R$3.4 billion for the first quarter of 2026 on Wednesday. The result marks a 54% drop from the same period last year and came in below market forecasts. Rising defaults in agribusiness drove higher provisions and prompted the bank to lower its full-year profit guidance.
Banco do Brasil disclosed a 45.4% drop in adjusted net profit for 2025, totaling R$ 20.7 billion, affected by new accounting rules and rising default rates. In the fourth quarter, profit reached R$ 5.7 billion, down about 45% to 47% year-over-year. The bank forecasts recovery in 2026, with profit between R$ 22 billion and R$ 26 billion.
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Brazil's pulp exports hit a record in 2025, with 22.25 million tons and revenues of US$ 10.25 billion. However, expert Andreas Mirow warns of a potential structural imbalance between supply and demand in coming years.