Brazil’s Trade Balance Surplus One Third Bigger than Last Year’s

Brazil export Brazil's trade balance surplus (exports minus imports) in the second week of May 2009 was US$ 505 million. In the period, exports totaled US$ 3.026 billion and imports, US$ 2.521 billion. This information was disclosed by the Ministry of Development, Industry and Foreign Trade.

In the accumulated result for the month, with ten working days, exports reached US$ 5.949 billion and imports, US$ 4.897 billion. The trade balance surplus in the period is US$ 1.052 billion positive in the month.

From January to the second week of May (91 working days) of this year, the trade balance has generated a surplus of US$ 7.774 billion, 34.2% greater than that registered in the same period in 2008. In the accumulated result for 2009, exports totaled US$ 49.448 billion and imports, US$ 41.674 billion.

Coffee Crops

Espí­rito Santo, a state in Brazilian Southeast, is developing a project to improve the quality and productivity of Arabica coffee produced in the state. Last week, at the start of the product crop, the program was disclosed in the city of Iúna, one of the producer regions, to around 2,000 producers.

In the program, called "Renovar Arábica" (Renew Arabica), the government plans to replace older coffee plants for newer, more resistant to time and disease, over a period of 15 years.

"Families in this region have lived off Arabica production for over 160 years and the renewal of the crops is one of the main challenges for the government," said the state secretary of Agriculture, Ricardo Santos.

Espí­rito Santo is Brazil's second main producer of coffee and the sector generates 300,000 jobs in the interior of the state. The "Renovar Arábica" program should be implemented in 49 cities in the state, in an area of 190,000 hectares. It should include over 20,000 small family properties, which involving, on average, 53,000 families.

The target is to renew 100% of the Brazilian Arabica coffee, replacing it for varieties recommended by scientific research and with the use of good agricultural practices. The objective is to double productivity, from 12 bags per hectare to 23 bags, apart from increasing the production from two million bags a year, without expansion of the cultivated area.

Production of the state of Espí­rito Santo represents over 25% of national production. If the production of Arabica coffee alone is taken into consideration, the state is in fourth place in the national ranking, losing only to Minas Gerais, São Paulo and Paraná, answering to 8% of national production of Arabica coffee. Coffee farming is responsible for 43.6% of the Agricultural Gross Production Value (GPV) of Espí­rito Santo.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

Directors and Actors Come to the US for Brazilian Film Week in DC

From Thursday, November 13 through Sunday, November 16, people from Washington, DC and vicinity ...

Brazil Campaign Raises Bone Marrow Donors to 130,000

After a yearlong campaign to encourage bone marrow donations, the number of donors has ...

In Brazil, Investigative Journalism May Mean Death Sentence for the Reporter

Brazil is booming.  Latin America’s largest and most populous nation recently surpassed the United ...

With the Schools It Has, Brazil Has no Future

The future has the face of its school of the present; Brazil, therefore, has ...

Brazil Provides Consulting to Cabo Verde University

The Coordinating Office for the Training of University Personnel (Capes) of Brazil’s Ministry of ...

Commodity Stocks Push Brazil Down

Brazilian and most Latin American markets closed lower, as ongoing selling in commodity-related stocks ...

Year-End Cheers: Brazil Stock Market Celebrates 43.4% Gain in 2007

Bovespa, Brazil's main stock market, ended an exceptional 2007 with a turnover of US$ ...

Recyclable Cheapens Popular Housing in Brazil

The results of the InovaRural rural housing project, which is backed by the Study ...

State News Agencies from Brazil and Portugal Sign Cooperation Accord

Radiobrás and the Lusa Agency, from Portugal, have drawn closer. A cooperation agreement was ...

69% Positive: Brazilian President Rides Popularity Wave

Luiz Inácio Lula da Silva, the Brazilian president, celebrated "Brazil's newly acquired investment grade ...