Weather, Rust and World Prices All Conspiring Against Brazil

The output value of Brazil’s agriculture and fishing sector will decline by nearly 9% this year compared with 2004, according to a report released this week.

The projection was based on data collected between January and May by the CNA agribusiness federation and the University of São Paulo.


“Both agriculture and fishing show a reduction in GDP in 2005,” CNA chief economist Getúlio Pernambuco told a press conference, adding that the decline will have ripple effects across the Brazilian economy.


Farmers have seen a drop in harvests due to unfavourable weather and a massive outbreak of Asiatic rust affecting soy, Brazil’s main agricultural export.


Pernambuco also blamed falling farm revenue on a decline in global prices caused by surpluses of certain agricultural commodities.


Mercopress – www.mercopress.com

Tags:

Ads

You May Also Like

Brazil Talks About Worry and Offers to Help Bolivia

Brazil’s Ministry of Foreign Relations issued this Saturday, June 4, a note about the ...

People on the Streets and Authorities Lambast Brazil’s Impunity

Members of the Brazilian Congress, representatives of the private sector and the Brazilian Bar ...

Brazil Gets Direct Sea Connection to Middle East

In addition to a direct flight between São Paulo, in southeastern Brazil and Dubai, ...

Four Brazilian Cardinals Will Vote for New Pope

Of the four Brazilian cardinals eligible to vote in the college which will choose ...

After Reducing 40% of Child Labor, Brazil’s Effort Becomes Less Effective

The work developed by Brazil in the last 12 years for fighting child labor ...

Brazil’s Lula Vows to Spend US$ 462 Million This Year in Popular Housing

Brazilian President Luiz Inácio Lula da Silva and the Mayor of the northeastern city ...

Brazilian Congress’s Windows, Computers and Furniture Smashed by Protesters

Hundreds of landless farm workers in Brazil briefly invaded the lower house of parliament ...

12 Pointers to Turn Brazil’s Congress into a Source of Pride

Each time that an ethical crisis lays waste to politics, a sort of horror ...

Brazil’s Final Congressional Report Reaffirms Vote-Buying Scheme’s Existence

The final report of the Brazilian Joint Parliamentary Investigatory Commission (CPMI) on the Post Office ...

RAPIDINHAS

Is the US in the process of becoming a fascist nation with the blessings ...