• Categories
  • Archives

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:

  • Show Comments (1)

  • Guest

    Hi…hi….
    in your headline you forgot to mention that americans and europeans, and also God…are conspiring against Brazil !!! But not a word….that you have either no or at best bad….paved roads ! That would reduce…your high transportation costs !!!

    And if drought and rust are a problem….usually….this make the price of grains…go up…..not down…as it did a few weeks ago !!!

    World economy is still very good ! So what will you do when there will be only a worldwide slowdown ??? Where do you expect the price of grain will be….then ???
    And even worse…..what is your expectations of grains prices…if there is a slowdown…And no drought ?????
    And finally please remember that Brazil is supposed to have GMO seeds resisiting rust…by 2007…or 2008 !!!!!

Your email address will not be published.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

Brazil Police Strike: For Bahia Governor It’s Damned If He Does, Damned If He Doesn’t

Legislative Assembly, Salvador, Bahia, Brazil. About 200 military policemen are occupying the Assembly.  They ...

An Enawenê Nawê Indian man in Brazil

Brazilian Indians Defy World’s Largest Soy Producer and Block Highway

A remote Amazonian tribe are blockading a major highway in the Brazilian state of ...

Helping Hand

By Brazzil Magazine What is being done to help favela residents in Brazil and ...

Brazil and Friends Hailed for Facing Up to US and EU

On the day of crucial global trade talks in Geneva, Switzerland, Friends of the ...

Brazil’s Lula in Africa for UN Conference on Trade and Development

With the presence of Brazilian President, Luiz Inácio Lula da Silva, the 12th United ...

IDB May Finance Biodiesel and Ethanol Production in Brazil

Brazilian President Luiz Inácio Lula da Silva asked the Inter-American Development Bank (IDB) to ...

CVRD Becomes Largest Company in Brazil and Latin America

Brazilian mining Companhia Vale do Rio Doce (CVRD)recently closed a contract with Qatar Steel ...

Abuse and Impunity in Brazil

Every 15 seconds one Brazilian woman suffers from domestic violence (beatings, spanking physical torture) ...

Plans to Integrate Brazil to South America Don’t Take Indigenous Peoples Into Account

Twelve governments in South America, including Brazil, are planning to carry out a series ...

Brazil’s Tropical Flower Growers Hopeful to Get European Clients Back

Twenty tropical flower growers from the state of Alagoas want to start exporting again ...