IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.27% USD/MXN17.32▲ 0.07% USD/CLP924.27▼ 0.73% USD/COP3,229▲ 0.83% USD/PEN3.39▲ 0.07% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.00▲ 0.02% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.86▼ 0.05% BRENT 83.78 ▼ 7.04% WTI 80.32 ▼ 5.14% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.58% GOLD 4,093 ▲ 1.09% SILVER 58.06 ▲ 0.81% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.24 ▲ 0.03% PETR4 42.87 ▼ 1.27% VALE3 74.43 ▼ 2.43% ITUB4 42.98 ▲ 0.25% BBDC4 18.51 ▲ 0.54% ABEV3 15.78 ▼ 1.31% BBAS3 21.28 ▼ 0.33% B3SA3 15.60 ▼ 0.83% WEGE3 48.33 ▲ 2.39% PRIO3 58.91 ▼ 3.19% SUZB3 43.39 ▲ 0.16% RENT3 37.99 ▲ 1.01% AZZA3 16.09 ▼ 2.01% CSAN3 4.12 ▲ 1.23% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 3.98 ▼ 1.24% PSSA3 54.37 ▼ 0.60% CVCB3 1.42 ▲ 8.40% POSI3 3.52 ▼ 0.85% SLCE3 13.45 ▲ 0.52% NATU3 8.46 ▲ 0.95% BRKM5 5.89 ▼ 1.34% RANI3 8.43 ▲ 3.95% CSNA3 4.56 ▼ 5.79% CMIN3 5.69 ▼ 0.35% USIM5 7.57 ▲ 2.85% GGBR4 25.34 ▲ 1.44% ENEV3 26.70 ▲ 1.48% CPFE3 45.84 ▼ 0.65% CMIG4 11.15 ▼ 1.68% EQTL3 38.73 ▲ 0.18% LREN3 13.80 ▲ 1.47% VIVT3 32.39 ▼ 0.74% RAIL3 14.16 ▼ 1.94% KLABIN 18.27 ▲ 0.11% RAIA DROGASIL 18.51 ▲ 0.16% RDOR3 34.04 ▼ 1.73% HAPV3 11.87 ▲ 5.23% FLRY3 17.28 ▲ 0.82% SMTO3 14.33 ▼ 1.31% UGPA3 32.99 ▼ 0.18% VBBR3 36.20 ▲ 0.42% BBSE3 41.52 ▲ 0.63% BPAC11 57.18 ▲ 0.67% CURY3 31.37 ▲ 4.25% AERI3 2.15 — 0.00% VIVARA 22.73 ▲ 2.48% COMPASS 24.86 ▲ 0.08% VAMOS 3.28 ▼ 1.80% SANB11 28.84 ▲ 0.77% ASAI3 8.46 ▼ 0.47% SBSP3 27.28 ▼ 1.52% WALMEX 49.79 ▼ 0.92% GMEXICO 212.72 ▲ 2.41% FEMSA 217.50 ▼ 1.78% CEMEX 20.61 ▲ 0.49% GFNORTE 198.39 ▼ 1.09% BIMBO 61.35 ▼ 0.98% TELEVISA 9.69 ▼ 1.22% AMX 21.60 ▼ 2.13% GAP 377.00 ▲ 0.12% ASUR 277.22 ▲ 0.58% OMA 230.70 ▼ 0.27% KOF 185.65 ▼ 0.86% GRUMA 263.49 ▲ 2.04% KIMBER 40.15 ▼ 0.12% SQM-B 61,800 ▼ 1.44% COPEC 6,287 ▼ 0.99% BSANTANDER 80.10 ▼ 1.10% FALABELLA 6,320 ▲ 1.67% ENELAM 87.54 ▼ 0.51% CENCOSUD 1,949 ▼ 0.30% CMPC 1,068 ▲ 1.20% BANCO CHILE 191.73 ▼ 1.02% LATAM AIR 25.22 ▲ 1.94% YPF 8,130 ▼ 1.93% GGAL 8,000 ▲ 1.50% PAMPA 5,515 ▼ 0.72% TXAR 655.00 ▼ 0.68% ALUAR 968.00 ▼ 0.97% TGS 9,930 ▼ 1.19% CEPU 2,387 ▼ 0.38% MIRGOR 1,655 ▼ 89.88% COME 43.28 ▼ 1.70% LOMA NEGRA 3,565 ▼ 1.52% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,385 ▼ 0.51% ECOPETROL 16.59 ▼ 1.10% BANCOLOMBIA 91.08 ▼ 1.56% GRUPO AVAL 5.25 ▼ 0.57% CREDICORP 396.97 ▼ 0.90% SOUTHERN COPPER 186.12 ▲ 1.87% BUENAVENTURA 30.28 — 0.00% MERCADOLIBRE 1,892 ▲ 0.73% NUBANK 14.51 ▲ 1.22% XP 17.07 ▲ 0.03% PAGSEGURO 9.68 ▲ 0.36% STONE 11.31 ▼ 0.62% GLOBANT 37.44 ▲ 2.30% TECNOGLASS 46.21 ▲ 6.38% GAP AIRPORT 217.37 ▲ 0.01% ASUR 277.22 ▲ 0.58% OMA AIRPORT 106.57 ▼ 0.31% AMX ADR 24.86 ▼ 1.93% FEMSA ADR 125.49 ▼ 1.96% CEMEX ADR 11.87 ▲ 0.38% PETROBRAS ADR 19.05 ▼ 1.83% VALE ADR 14.57 ▼ 3.25% ITAU ADR 8.45 ▼ 0.12% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.38% GERDAU 5.00 ▲ 0.71% LATAM ADR 54.52 ▲ 3.33% BTC 63,761 ▲ 0.44% ETH 1,867 ▼ 0.81% SOL 73.98 ▲ 0.72% XRP 1.08 ▼ 0.35% BNB 590.88 ▲ 0.56% ADA 0.19 ▲ 2.51% DOGE 0.07 ▼ 0.45% AVAX 6.54 ▼ 0.02% LINK 8.23 ▼ 1.69% DOT 0.83 ▲ 3.92% LTC 44.16 ▼ 1.06% BCH 213.71 ▲ 0.56% TRX 0.33 ▲ 0.71% XLM 0.17 ▼ 1.43% HBAR 0.07 ▲ 0.80% NEAR 1.74 ▲ 1.66% ATOM 1.34 ▲ 6.34% AAVE 92.98 ▲ 1.06% SELIC 14.25% EMBRAER 90.60 ▲ 4.27% EMBRAER ADR 71.23 ▲ 4.24% JBS 13.81 ▼ 1.50% JBS BDR 70.23 ▼ 0.66% MBRF3 17.76 ▲ 1.25% MBRFY 3.42 ▼ 0.58% INTER 5.63 ▲ 0.45% IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▲ 0.27% USD/MXN 17.32 ▲ 0.07% USD/CLP 924.27 ▼ 0.73% USD/COP 3,229 ▲ 0.83% USD/PEN 3.39 ▲ 0.07% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.00 ▲ 0.02% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.86 ▼ 0.05% BRENT 83.78 ▼ 7.04% WTI 80.32 ▼ 5.14% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.58% GOLD 4,093 ▲ 1.09% SILVER 58.06 ▲ 0.81% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.24 ▲ 0.03% PETR4 42.87 ▼ 1.27% VALE3 74.43 ▼ 2.43% ITUB4 42.98 ▲ 0.25% BBDC4 18.51 ▲ 0.54% ABEV3 15.78 ▼ 1.31% BBAS3 21.28 ▼ 0.33% B3SA3 15.60 ▼ 0.83% WEGE3 48.33 ▲ 2.39% PRIO3 58.91 ▼ 3.19% SUZB3 43.39 ▲ 0.16% RENT3 37.99 ▲ 1.01% AZZA3 16.09 ▼ 2.01% CSAN3 4.12 ▲ 1.23% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 3.98 ▼ 1.24% PSSA3 54.37 ▼ 0.60% CVCB3 1.42 ▲ 8.40% POSI3 3.52 ▼ 0.85% SLCE3 13.45 ▲ 0.52% NATU3 8.46 ▲ 0.95% BRKM5 5.89 ▼ 1.34% RANI3 8.43 ▲ 3.95% CSNA3 4.56 ▼ 5.79% CMIN3 5.69 ▼ 0.35% USIM5 7.57 ▲ 2.85% GGBR4 25.34 ▲ 1.44% ENEV3 26.70 ▲ 1.48% CPFE3 45.84 ▼ 0.65% CMIG4 11.15 ▼ 1.68% EQTL3 38.73 ▲ 0.18% LREN3 13.80 ▲ 1.47% VIVT3 32.39 ▼ 0.74% RAIL3 14.16 ▼ 1.94% KLABIN 18.27 ▲ 0.11% RAIA DROGASIL 18.51 ▲ 0.16% RDOR3 34.04 ▼ 1.73% HAPV3 11.87 ▲ 5.23% FLRY3 17.28 ▲ 0.82% SMTO3 14.33 ▼ 1.31% UGPA3 32.99 ▼ 0.18% VBBR3 36.20 ▲ 0.42% BBSE3 41.52 ▲ 0.63% BPAC11 57.18 ▲ 0.67% CURY3 31.37 ▲ 4.25% AERI3 2.15 — 0.00% VIVARA 22.73 ▲ 2.48% COMPASS 24.86 ▲ 0.08% VAMOS 3.28 ▼ 1.80% SANB11 28.84 ▲ 0.77% ASAI3 8.46 ▼ 0.47% SBSP3 27.28 ▼ 1.52% WALMEX 49.79 ▼ 0.92% GMEXICO 212.72 ▲ 2.41% FEMSA 217.50 ▼ 1.78% CEMEX 20.61 ▲ 0.49% GFNORTE 198.39 ▼ 1.09% BIMBO 61.35 ▼ 0.98% TELEVISA 9.69 ▼ 1.22% AMX 21.60 ▼ 2.13% GAP 377.00 ▲ 0.12% ASUR 277.22 ▲ 0.58% OMA 230.70 ▼ 0.27% KOF 185.65 ▼ 0.86% GRUMA 263.49 ▲ 2.04% KIMBER 40.15 ▼ 0.12% SQM-B 61,800 ▼ 1.44% COPEC 6,287 ▼ 0.99% BSANTANDER 80.10 ▼ 1.10% FALABELLA 6,320 ▲ 1.67% ENELAM 87.54 ▼ 0.51% CENCOSUD 1,949 ▼ 0.30% CMPC 1,068 ▲ 1.20% BANCO CHILE 191.73 ▼ 1.02% LATAM AIR 25.22 ▲ 1.94% YPF 8,130 ▼ 1.93% GGAL 8,000 ▲ 1.50% PAMPA 5,515 ▼ 0.72% TXAR 655.00 ▼ 0.68% ALUAR 968.00 ▼ 0.97% TGS 9,930 ▼ 1.19% CEPU 2,387 ▼ 0.38% MIRGOR 1,655 ▼ 89.88% COME 43.28 ▼ 1.70% LOMA NEGRA 3,565 ▼ 1.52% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,385 ▼ 0.51% ECOPETROL 16.59 ▼ 1.10% BANCOLOMBIA 91.08 ▼ 1.56% GRUPO AVAL 5.25 ▼ 0.57% CREDICORP 396.97 ▼ 0.90% SOUTHERN COPPER 186.12 ▲ 1.87% BUENAVENTURA 30.28 — 0.00% MERCADOLIBRE 1,892 ▲ 0.73% NUBANK 14.51 ▲ 1.22% XP 17.07 ▲ 0.03% PAGSEGURO 9.68 ▲ 0.36% STONE 11.31 ▼ 0.62% GLOBANT 37.44 ▲ 2.30% TECNOGLASS 46.21 ▲ 6.38% GAP AIRPORT 217.37 ▲ 0.01% ASUR 277.22 ▲ 0.58% OMA AIRPORT 106.57 ▼ 0.31% AMX ADR 24.86 ▼ 1.93% FEMSA ADR 125.49 ▼ 1.96% CEMEX ADR 11.87 ▲ 0.38% PETROBRAS ADR 19.05 ▼ 1.83% VALE ADR 14.57 ▼ 3.25% ITAU ADR 8.45 ▼ 0.12% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.38% GERDAU 5.00 ▲ 0.71% LATAM ADR 54.52 ▲ 3.33% BTC 63,761 ▲ 0.44% ETH 1,867 ▼ 0.81% SOL 73.98 ▲ 0.72% XRP 1.08 ▼ 0.35% BNB 590.88 ▲ 0.56% ADA 0.19 ▲ 2.51% DOGE 0.07 ▼ 0.45% AVAX 6.54 ▼ 0.02% LINK 8.23 ▼ 1.69% DOT 0.83 ▲ 3.92% LTC 44.16 ▼ 1.06% BCH 213.71 ▲ 0.56% TRX 0.33 ▲ 0.71% XLM 0.17 ▼ 1.43% HBAR 0.07 ▲ 0.80% NEAR 1.74 ▲ 1.66% ATOM 1.34 ▲ 6.34% AAVE 92.98 ▲ 1.06% SELIC 14.25% EMBRAER 90.60 ▲ 4.27% EMBRAER ADR 71.23 ▲ 4.24% JBS 13.81 ▼ 1.50% JBS BDR 70.23 ▼ 0.66% MBRF3 17.76 ▲ 1.25% MBRFY 3.42 ▼ 0.58% INTER 5.63 ▲ 0.45%
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Brazil Business - Brazil

Government Proposes 45 Percent Cut in Agriculture Research Budget for 2020

By · September 23, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – The budget of the Brazilian Agricultural Research Corporation (Embrapa), one of the main sources of new technologies for the agricultural sector, could be cut by 45 percent in 2020.

In 2019, the funds allocated to state-owned companies were R$3.6 billion (US$900 million). The federal government’s proposal for next year is R$1.9 billion and is under consideration by Congress.

Currently, 90 percent of Embrapa's budget is to cover payroll expenses. The remainder is for funding and investment in research.
Currently, 90 percent of Embrapa’s budget is to cover payroll expenses. The remainder is for funding and investment in research. (Photo internet reproduction)
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The text has already begun to be discussed in the Joint Budget Committee, which consists of deputies and senators. They will give the first opinion on the federal government’s spending forecast for 2020.

Representative Domingos Neto (PSD-CE), rapporteur of the budget committee, said that the forecast cuts have reached all areas, but recognizes that the agricultural sector has a strategic role in the development of the country’s economy.

“The agricultural sector has all the necessary support to ensure the protection of a sector that drives our economy. Our work in the coming months will be to look at where there are more resources to cut and reallocate to where they are most needed,” explains Neto.

In October, deputies can submit amendments to the draft budget. The final vote is scheduled for December.

Currently, 90 percent of Embrapa’s budget is to cover payroll expenses. The remainder is for funding and investment in research.

Empraba’s management said in a note that for four years the budget has been declining and therefore, it has cut expenses.

It also mentions the reduction in the number of research centers and administrative units but acknowledges that if the budget is approved as is, research in important areas could be affected.

The note adds that some projects run risks, such as those of precision agriculture and automation, biotechnology, and animal health.

News of the cut concerns Embrapa’s former president, Sebastião Barbosa, who was dismissed by the government in July this year.

“If we are not careful, this represents the end of everything that has been accomplished by Embrapa over the years. The survey is a long-term thing. A state-owned company for agricultural research is fundamental,” said Barbosa, who did not want to comment on the budget cut.

Source: G1

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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