The commodity’s rising international costs should have a positive effect on the Brazilian trade balance, claims the Sugarcane, Water and Energy director at the Ministry of Agriculture, Cid Caldas.
Author: Agência Brasil
According to the Brazilian Finance minister, the Federal Reserve’s decision of circulating US$ 600 billion will only depreciate the dollar and make the United States’ exports more competitive.
The result refers to the first three quarters and is part of the Industrial Indices research, disclosed on Wednesday by the National Confederation of Industries. In September, revenues grew 1.9%.
The Brazilian trade balance recorded a surplus of US$ 14.6 billion from January to October. There was a 35% decline over the same period of 2009 as a result of the increase in imports.
Estimates for expansion of the Gross Domestic Product of Brazil in 2010 have risen from 7.55% to 7.60%. For 2011, the forecast is for GDP growth of 4.5%, maintained for 47 weeks.
The reserve of Libra, in the Santos Basin, may contain up to 15 billion barrels, according to National Petroleum Agency data. Presently, the country has 14 billion barrels of recoverable oil.
Last year, the country recycled 198,800 tonnes of aluminium, out of 202,500 tonnes sold. It was the ninth consecutive time that Brazil had the world’s highest recycling rate.
The minister of Development, Industry and Foreign Trade of Brazil said that the trade balance surplus should be between US$ 15 billion and US$ 16 billion this year.
The company announced the discovery of great reserves in ultra-deep waters on the coast of the Northeast. Tests point at light oil.
In Brazil, the region concentrates companies with great growth. According to OECD classification, these companies post average growth of 20% in wage earning personnel.
The president of the Sugarcane Industry Union (Unica), Marcos Jank, stated that the United States and Europe may create barriers to imports of alcohol fuel produced in Brazil.
Due to the Petrobras capital increase, the Central Government registered in September its highest surplus in history, at US$ 15.3 billion. Year to date, the result has reached US$ 32.6 billion.
The Brazilian Ministry of Development, Industry and Foreign Trade has informed that Brazilian exports may reach US$ 195 billion in 2010. The last estimate, from June, was US$ 180 billion.
Foreign direct investment into Brazil reached US$ 5.3 billion in September, exceeding the Central Bank’s estimate of US$ 2.7 billion. In the same month of 2009, the figure was US$ 1.8 billion.
