Coffee Exports Brings US$ 9.4 Billion to Brazil in 4 Years

According to data just released by the Brazilian Ministry of Agriculture, Livestock and Supply, Brazil produced 143.6 million bags of coffee from 2003 to 2006. From that total, 103.1 million were exported, generating a US$ 9.4 billion revenue in the period.

According to a government official, the budget of the Coffee Economy Defense Fund (Funcafé) was US$ 1.9 billion between 2003 and 2006, of which US$ 7.6 million went into advertising and US$ 15.5 million went into research. The funds of Funcafé invested in research included the genome sequencing work developed by Embrapa.

"The sequencing will allow for Embrapa to detect, for example, the strengths of different varieties of coffee regarding their resistance to drought, to plagues and diseases, their flavor, aroma, and productivity," explained Costa Lima. The information was supplied by the Ministry of Agriculture.

Brazil should produce 41.6 million 60 kg bags of coffee this year, according to a study by the National Food Supply Company (Conab). The volume represents growth of 26.2%, or 8.6 million bags more than in the previous harvest, which totaled 32.94 million bags.

On the other hand, a research by the Federal University of Minas Gerais shows that coffee may be a source for production of biodiesel, according to information published earlier this year. Biodiesel may be produced from coffee oil, made from damaged coffee grains, which are not used for human consumption.

Tags:

  • Show Comments (1)

  • ch.c.

    Funny……
    that Brazil, being against the USA and the EU subsidizes for agriculture, is itself subsidizing US$ 2 billions over 4 years on a product that neither the EU nor the USA produces and that such product is mostly sold to the USA and Europe !

    Of course what the USA and the EU do is necessartily wrong but not when Brazil does a similar thing on a product we dont even produce !!!!

    Typically a Brazilian demonstration of their non common sense !

Your email address will not be published.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 Starts US$ 12 Million War Games and Vows to Grow 4% in 2009

The Brazilian economy is expected to expand 4% in 2009 as oil exploration bolsters ...

Brazil’s President-Elect Hints She’ll Do Whatever Is Needed to Strengthen Dollar

Dilma Rousseff, Brazil’s president-elect, admitted her administration would take all the necessary measures possible ...

Brazil’s Speaker of the House Bribery Case Goes to the Supreme

Brazil’s Federal Police commissioner Sérgio Menezes affirmed that there is already sufficient evidence that ...

Tourists in a boat on the Amazon

Up the Amazon, Sipping Caipirinhas and Meeting Magic Dolphins

Even from Brazil, getting to the Amazon isn’t always easy. From our home in ...

After Africa State Channel Brazil TV Wants to Reach the US

The government of Brazil has just launched its international Public Broadcasting Service with the ...

Brazilian Imports Keep Growing at 51% Rate

Brazil's balance of trade recorded a surplus (exports minus imports) of US$ 305 million ...

For Brazil Lack of Growth and China’s Currency Are Distortions in World Market

For Brazil’s central bank chief Henrique Meirelles, a stronger Chinese currency is “critical” for ...

Brazil Sends Economist as New Ambassador to Beirut

The economist and minister Eduardo Augusto Ibiapina de Seixas will be taking on the ...

Brazil Rushing to Join Space Club

Brazil’s space program needs investment of US$ 200 million per year for the next ...