Speculators Are Not Welcome, Says Brazil’s Lula

Brazilian President Luiz Inácio Lula da Silva once again came out in defense of his administration’s economic policy. "In this government we do not have a minister Palocci economic policy. We have a governmental economic policy that everyone in the government is involved in," said the President.

Lula added that when economic policy is successful, everybody wins. If it is not, everybody loses. As for internal disputes in the government, Lula said they are common occurrences in all governments.

He cited what he called the eternal conflict between developmentalists and monetarists. "If someone wants to speculate on the economy, he should leave the government alone and go to the São Paulo stock market," concluded Lula.

Agribusiness Exports

With exports of US$ 36.2 billion from January to October this year, up 9.6% compared to the same period last year, the Brazilian farm sector has set another a new record. However, there has been a slowdown in the rate of growth: in 2004 exports during the same period were up 29.5% over 2003 exports.

Antônio Donizeti Beraldo, of the National Agricultural Confederation (CNA), says that one reason for the lower growth rate is the worldwide super soy harvest this year.

"Soy accounts for 25% of our sector exports," he says, adding that the outlook is for international prices of soy to remain low throughout 2006.

Agência Brasil

Tags:

You May Also Like

Brazil’s Lula Praises Chavez But Tells Him He Is Free to Leave Mercosur

Brazilian President Luiz Inácio Lula da Silva said he was looking forward to talk ...

Brazil Gypsies Want a Birth Certificate for Starters

Gypsies form a group which is little known but present in the imagination of ...

Brazilian dinner

Brazil’s Worst Poverty Is the Lack of Smarts and Feelings

The federal government has distributed posters announcing that in the past few years the ...

Brazil Finally Signs World Agreement on Sustainable Fishing

The Brazilian government openly backed the Compliance Agreement of the United Nation's (UN) Food ...

Shooting on Goal

Presidential hopeful José Serra’s decision to choose a woman as running mate could spur ...

Building Bridges Between Brazil and Arab World Through Portuguese

During the Revolution of the Malês, in 1835, in the northeastern Brazilian state of ...

Lax Control Opens Brazil to Transgenic Contamination

With the appearance of genetically modified organisms in the last decade (which are also ...

Brazil Earmarks US$ 53 Billion for Agriculture for When the US Bear Wakes Up

Luiz Inácio Lula da Silva, the president of Brazil, announced Brazil's 2009/2010 Agriculture and ...

Inflation in Brazil Hits Lowest Level Ever

Brazilian and Latin American stocks retreated, as investors cashed in some of the region’s ...

Brazil Has Deployed Close to 30,000 Troops to Defend Amazon Riches

Nelson Jobim, Brazil's Minister of Defense, announced he will be visiting neighboring countries to ...