The Brazilian 2011-2012 grain season may be 0.1% lower than the preceding one, according to estimates of the National Supply Company. The crop forecast is 162.6 million tonnes.
Author: Agência Brasil
The 780-kilometre train line will cost US$ 1.5 billion. Through it, the Brazilian mining company intends to carry the coal it extracts in the African country.
The variation was recorded in quarter one, 2012 as against quarter four, 2011. Industry drove the performance with a growth rate of 1.1%.
An increase in foreign prices of basic products took place in the first half. In June, prices went down 1.4%.
Over 340,000 automobiles and light commercial units were sold, an increase of 24% compared with May and 19% compared with June of last year.
The financial market is once again reducing growth forecasts for the Brazilian economy. The country should grow 2.05% in 2012, against 2.18% in the prior forecast.
Net debt of the Brazilian public sector was a little below US$ 716 billion in May, equivalent to 35% of GDP.
The economy of the public sector to cover the debt was US$ 1.2 billion. Brazil had a nominal deficit of US$ 7.7 billion in the month.
Since March, institutions had not been allowed to participate in loan operations for prior payment of exports. The funds should be made available to simplify dollar inflows into Brazil’s economy.
The financing line is part of the 2013 Crop Plan, to receive R$ 115.2 billion. The objective is to provide incentives to good practices in the country, with crop-livestock-forest integration.
The institution projects that the Brazilian economy will grow by 2.5% this year. The last forecast had been 3.5%.
In the first quarter of the year, Brazilian egg production had its fourth running high, according to a research institute.
The Brazilian government will provide US$ 55.6 billion to finance the 2012-2013 crop, starting in July, as against US$ 51.7 billion in the previous cycle.
The minister of Development, Industry and Foreign Trade, Fernando Pimentel, said that incentive measures will be announced on Wednesday.
