• Categories
  • Archives

Brazil Forecast: Less Grain, More Meat

 In its eighth estimate of the 2004 agricultural harvest in Brazil, the Brazilian Institute of Geography and Statistics (IBGE) forecasts a volume of 119.386 million tons, 3.43% less than the 123.632 million tons harvested in 2003.

The most recent forecast is also 0.08% lower than the IBGE’s previous estimate, in July, of 119.479 million tons.


The IBGE also released its Quarterly Survey of Animals Slaughtered, which indicates a 7.62% increase in cattle butchered, when compared with the first quarter of 2004, and a 25.22% increase in comparison with the second quarter of 2003. 6.426 million head of cattle were slaughtered in the country between April and June.


With respect to milk production, the study indicates a 9.24% decline in the second quarter, when compared with the first quarter of 2004, but a 4.72% increase in comparison with the second quarter of 2003.


Financing


The National Economic and Social Development Bank (BNDES) will disburse US$ 2.8 billion (8.5 billion reais) on programs to finance the 2004/2005 growing year, which commenced July 1 of this year and will end June 30, 2005. The amount should be 21% greater than the credit distributed in the previous growing year.


The bank’s chief program for the agricultural sector, the Moderfrota, has a budget of US$ 1.8 billion (5.5 billion reais), 144% more than in 2003/2004. The Moderfrota finances the purchase of tractors and agricultural implements, harvesters, equipment, and machinery for preparing, drying, and processing coffee beans.


Agência Brasil
Translator: David Silberstein

Tags:

  • Show Comments (0)

Your email address will not be published.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

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Hotel Sector Creates 300,000 Jobs a Year in Brazil

The hotel sector possesses one of the greatest potentials for job creation in Brazil ...

Living with Shortages

Tieta, Teresa Batista, Gabriela, Quincas Berro Dágua, Vadinho and Dona Flor. For many of ...

Brazil Fearing Repatriation of Green to the US

Brazil’s markets recovered somewhat on bargain hunting, as U.S. equities benefited from easing concerns ...

Best-seller Books, Plays and Movies

Although this year’s Carnaval that took place in June in San Francisco is just ...

Brazil Imports 52% More Goods from China

Brazilian imports of Chinese products grew 52.33% during the January-June period, compared with the ...

Brazil’s Gol Starts Low-Fare Airline in Mexico

Brazilian Airline Gol announced that it executed definitive agreements related to the joint venture ...

Brazil’s Lula Enjoys Occasional Whisky and His Share of Obscenities

According to an interview with Brazil's most read daily, Folha de S. Paulo, Brazilian ...

After 2-Year Hiatus, Brazil Getting Ready to Hold Oil Rights Auction

Brazil will hold a 13th round of oil rights auctions in the first half ...

In Popularity List Brazil’s Lula Comes at the Top. Bush and Chavez at the Bottom

Brazil and Chile's presidents, Luiz Inácio Lula da Silva and Michelle Bachelet, are the ...