Moscow awaiting Brazilian chicken – More poultry for more money

Brazil’s government is making the right noises. But now for the hard part, how to revive animal spirits?

In the latest move to tackle the country’s competitiveness problems, the government announced a R$54bn ($26bn) investment package in Brazil’s creaking port infrastructure.

This is one of the most intractable areas of the Brazilian economy.

The cost of exporting a container from Brazil is more than double that of China and 1.5 times that of India.

The bottlenecks in the ports are as well-known as those on the roads leading to them, with trucks rumbling in from Brazil’s vast interior to deliver soybeans, meat, coffee, sugar, soybeans and the other commodities of which the country is the largest or one of the largest exporters. The details of the port investment programme remain scarce but industry reaction has so far been positive.