Brazilian Confederation of Agriculture and Livestock projects a hike in revenue next year.
Author: Agência Brasil
Hike occurred in October from September as per IBGE survey.
The Brazilian Institute of Geography and Statistics (IBGE) reported economic growth quarter-on-quarter, with agriculture leading the way.
Measure was announced by American president Donald Trump in response to the devaluation of Brazilian real and Argentine peso.
The estimate regarding the 2019 National Extended Consumer Price Index from banks polled by the Brazilian Central Bank moved from 3.46% to 3.52%.
Brazil’s federal, state and local governments posted a combined USD 2.2 billion surplus last month.
American currency ended this Wednesday valuing BRL 4.26, a new record high. The Central Bank sold funds from reserves during the day.
Brazil’s internal and external debt declined over September, to USD 979 billion.
At USD 7.8 billion, the deficit in October was the widest for the month since 2014.
Minister of Mines and Energy, Bento Albuquerque, said the work of Angra III power plant is set to resume in 2020.
The process includes four units with ‘binding’ status, where investors can look into the risks involved in the deals and make their bids.
Brazil’s imports from abroad grossed USD 37.6 billion year-to-date through October.
The United States currency hit its highest nominal value since the Plano Real reform in 1994. Central Bank governor Roberto Campos Neto blamed lower-than-expected revenue from the petroleum bidding round on November 6th.
Brazilian financial institutions expect prices to have gone up 3.33% by the end of this year in Brazil, up from last week’s 3.31% forecast.
