The outward flow of dollars from the country was greater than the inflow up to the 11th, according to the Central Bank. The deficit totals US$ 1.776 billion this month.
Author: Agência Brasil
Brazil should have the world’s largest agricultural production by the next decade. That is the forecast of the Agricultural Outlook 2010- 2019 report, published Tuesday by the FAO and OECD.
The sector should grow more in the Arab countries over the next five years, according to a report by Pricewaterhouse Coopers. The study covers mainly digital medias.
The US$ 166 million deficit resulted from US$ 3.767 billion in exports and US$ 3.993 billion in imports.
The minister of Development, Industry and Foreign Trade, Miguel Jorge, said that the elevation of the benchmark interest rate (Selic) to 10.25% a year should not affect the trade balance.
Brazil is highlighted as an oil producer in the US Energy Information Administration report. The country leads in growth outside the OPEC. The expansion volume is close to that of Saudi Arabia’s.
There should be growth of 8.8% over 2009, according to the Brazilian Statistics Institute. The soy crop should increase by 7.2%. Planted area in Brazil, however, has decreased 0.9% over last year.
Foreign sales of vehicles totalled US$ 1.1 billion in May, representing growth of 27.2% over April. It was the industry’s best result since October 2008, when the turnover was US$ 1.3 billion.
The growth is in comparison with the same period in 2009 and represents the largest expansion since the figure started being recorded. Figures were disclosed on Tuesday by the IBGE.
The investment was made since 2004 and concerned exploration and production. The independent entrepreneurs operate in mature continental basins.
The value is 7.4% greater than that made available for farmers in the previous crop. The plan should be announced today by Brazilian president Lula at the Embrapa, in Brasília.
Up until the 6th this month, Brazilian exports totalled US$ 3.2 billion, and US$ 75.29 billion year-to-date. Imports totalled US$ 2 billion in June so far.
On this Friday, the company announced the discovery of more petroleum in the pre-salt layer of the Campos Basin, in Rio de Janeiro. The well should generate 380,000 barrels of oil.
The Brazilian inflow and outflow of dollars, from the 1st to the 28th of last month, resulted in a surplus of US$ 2.7 billion, according to the Central Bank.
