The Brazilian minister of Agriculture announced that the figure will be allocated to the funding of the 2011-2012 crop. He added that he intends to discuss commodities prices at a G20 meeting.
Author: Agência Brasil
The volume of sugarcane ground in the current crop has reached 56.6 million tonnes, 40% less than the figure recorded in the same period of last year.
The excessive appreciation of the Brazilian real against the dollar will not be solved in the short term and is out of the government’s reach, says minister Fernando Pimentel.
Alexandre Padilha is favourable to the reduction of tax on medical equipment and medication. He attended the opening of the Hospitalar sector fair in São Paulo.
The Brazilian industrial output declined in April compared with March, according to the National Confederation of Industries.
In the third week of May, the Brazilian trade surplus reached US$ 286 million. Export revenues hit US$ 5.2 billion.
Murilo Ferreira, who is replacing Roger Agnelli at the helm of the mining company, stated that it will sustain a friendly relationship with the government and shareholders will continue to profit.
A report from the Ministry of Planning has reduced the Brazilian economic growth projection for this year from 5% to 4.5%. The inflation estimate, however, has increased.
Increase in the benchmark interest rate and measures to curb credit have reduced economic growth across several regions of the country.
The net inflow of foreign currency into Brazil concerns the period from the 1st to the 13th of May. Year-to-date, the foreign exchange surplus totals US$ 46 billion.
According to the World Bank, Brazil and five other emerging countries should be responsible for redefining the global economic framework in the near future.
Fernando Pimentel, head of the Ministry of Development, Industry and Foreign Trade, is in favour of a discussion on the adoption of another exchange system for international transactions.
The figure was the result of US$ 5.8 billion in exports and US$ 4.3 billion in imports.
The minister of the General Secretariat of the Presidency, Gilberto Carvalho, believes that the pace of investment will be somewhat slower this year, but hydroelectric plants will be built.
