Agribusiness to sustain Brazilian trade balance surplus for fourth year running
Of the US$ 33 billion trade balance surplus the country should have this year, US$ 30 billion should come from agribusiness. These forecasts are by the National Confederation of Agriculture and Livestock (CNA). In the last three years, the trade balance surplus of agricultural products was greater than that of total Brazilian trade. In 2002, for example, the foreign trade surplus of the agricultural sector was US$ 20.3 billion, and the total country surplus was US$ 13.1 billion.
By Mark Ament
