• Categories
  • Archives

Brazil’s Money Makers: Oil and Mining Up, Coffee Down

Mr. Café State-controlled Brazil multinational Petrobras's oil production in domestic fields, grew 1.8% in November this year compared with October, to reach an average of 1.76 million barrels per day.

The increase in production was attained due to the entry into operation of two new platforms, with a combined capacity for producing 280,000 barrels per day: the Cidade de Vitória, on November 15, and the P-52, on November 28.

Adding up oil and gas production in domestic and foreign fields, production in November totaled 2.25 million barrels per day, 1.2% more than extracted the month before.

Copebrás 49% Up in Revenues

Copebrás, a company owned by the Anglo American Group, has already sold one million tons this year, up until early December. The result is a record high for the company, and occurred mostly due to the heating of the Brazilian agricultural market.

According to a press release issued by the company, this year Copebrás will post revenues of US$ 420 million, compared with US$ 281 million for last year. The information was supplied by the director in charge of the phosphate and niobium business unit at Anglo American Brazil, Cristiano Melcher. The value is 49.4% greater.

Anglo American is one of the world's leading groups in the mining and natural resources fields. It is the global leader in platinum and diamonds, and owns a significant market share of basic metals, iron ore and coal. The group operates in 64 countries.

In Brazil, the Anglo American Group is responsible for the operations of mining companies Mineração Catalão, Codemin and Copebrás, which owns operations in the states of Goiás and São Paulo. The company has been active in the Brazilian market since 1973 and employs over 3,800 people.

33.7 Million Coffee Bags

The Brazilian production of processed coffee already totals 33.7 million bags for the 2007/2008 crop, according to data supplied by the National Food Supply Company (Conab).

Of that total, 69.6% are of the Arabica variety, and 30.4% of the Robusta or Conilon types. The figure is 20.6% lower than production during the previous cycle.

The difference is due to the seasonality of the culture (which leads to lower productivity), to the drought that took place during the flowering period and to excessive rain in the months of December last year and January this year, which caused plagues and diseases in plantations.

The Brazilian state that harvested the most coffee was the southeastern Brazilian state of Minas Gerais, responsible for 45.9% of total production in the country. The state is the leading producer of Arabica coffee. The state of Espí­rito Santo, also in the Southeast, came in second, with 28.4% of the national crop. It is the leading producer of the Robusta variety.

Total planted area was 2.3 million hectares. Of those, 91.5% are under production and 8.5% are under formation. The harvest is already over in all of the producer states, including Minas Gerais, Espí­rito Santo, São Paulo and Bahia.

ABr/Anba

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

Brazil Gets Help to Save Little Left of Atlantic Rain Forest

Brazil’s Atlantic Rain Forest is the most critical ecosystem on the planet. This affirmation ...

Los Angeles Gets a Day on the Park to Celebrate Brazil’s Culture

For the fourth year in a row, the Consulate General of Brazil in Los ...

These Brazilian Entrepreneuses Have Trade in Their Genes

When you meet them at a dinner or social event, you imagine that they ...

Brazil Senate Scandal: Secret Bank Account and Private Bunker for Sex

Brazil's Senate – whose president José Sarney, a former president of the nation, has ...

Brazil’s First Brother Pans Lula and Vows Not to Vote for Him

Jackson Inácio da Silva, one of the Brazilian president’s brothers, has already declared his ...

Mate Tea from Brazil to Be Attraction at Middle East’s Gulfood

Abimate, the Brazilian Association of Mate Herb Exporters, is going to promote mate tea ...

Brazil President’s Appeal to Poor and Unschooled Voter Bodes Well for Her Reelection

Brazil’s average voter for the coming presidential election in October is between 25 and ...

Brazil Raises Gas Prices 6.6%, But Markets Say This is Not Enough

Petrobras, the Brazilian state-controlled oil multinational said in a market filing that it would ...

Brazil’s Lula Gets Boost from Polls

The positive evalution of Brazil’s President Luiz Inácio Lula da Silva’s Administration rose 3.2% ...

Brazil Media’s Fear to Call Terror by Its Name

Brazil’s weekly newsmagazine Veja‘s cover story (edition 1896, 03/16) denouncing the financial resources offer ...