The WTO has revised down all global trade forecasts for this year. Growth rates were 2% in 2012 and 5.2% in 2011, but this year the pace should be sluggish.
Author: Agência Brasil
The WTO has revised down the forecast for foreign trade growth this year. There was 2% growth in 2012, and 5.2% in 2011, but growth this year should remain slow.
The balance of US dollar inflows and outflows in Brazil ran a deficit from April 1st to 5th. In March, a US$ 391 million surplus was recorded, following two months on a deficit.
Foreign Trade Chamber ruling will remain effective from May 1st to July 31st, up to a quota of 80,000 tonnes. Tax exemption for wheat has been raised from 1 million to 2 million tonnes.
Brazil’s production of sugarcane should reach 653.8 million tonnes in the 2013/2014 crop, according to the National Food Supply Company. In the previous cycle, Brazil picked 588.9 million tonnes.
Laad Defence & Security begins on Tuesday, in Rio de Janeiro. According to the defence minister, Celso Amorim, Brazil should sell aircraft to Senegal and sign a military aviation agreement with nations in South America.
Financial analysts cut from 3.01% to 3% their forecast for growth of the Brazilian economy in 2013, according to a research by the Central Bank of Brazil. For 2014, the estimate remains at 3.5%.
Activity declined in February from January according to figures from the Brazilian Statistics Institute. Production was up only in the states of Rio Grande do Sul, Santa Catarina and Goiás.
According to the industry association Abraciclo, the 6.4% increase in March from February indicates that activity is picking up.
In January and February 2013, the terminal handled 15.5 million tonnes of cargo, up 15% from January and February 2012. The Port has been receiving larger ships.
Inbound US dollars exceeded outbound by US$ 391 million in March in Brazil, countering January and February results.
Production of capital goods grew from January to February this year. It was the only industrial sector to present a positive result in the period.
Production dropped 2.5 points in the month and ended at 46.1 points, as against 48.6 points in January, according to figures disclosed by the National Confederation of Industries. The results range from zero to 100 and values below 50 are considered negative.
Production dropped 2.5 points in the month and ended at 46.1 points, as against 48.6 points in January, according to figures disclosed by the National Confederation of Industries. The results range from zero to 100 and values below 50 are considered negative.
