• Categories
  • Archives

Brazil’s Banner Crop and a US$ 85 Billion Bonanza

Orange in Brazil Brazil farmers are expected to receive a record US$ 85 billion this year riding on high commodity prices and a bigger crop. This represents a 14.4% increase over the previous year in real value, according to the latest data from the Brazilian Ministry of Agriculture and Livestock.

Booming international prices, low global reserves of grains, the increase in demand and pressure from the growing industry of bio-fuels have contributed to such an extraordinary performance said José Garcia Gasques, Planification coordinator of the Agriculture ministry.

Sugarcane, soybeans and corn make the bulk of that sum, actually 57.3%. The final numbers are based on data from the Brazilian Geography and Statistics Institute and the renowned Getúlio Vargas Foundation.

Most of Brazil's commodities are set to do better this year than in 2007 with the greatest revenue increases for rice, oranges, potatoes, coffee, beans, oilseeds, corn, pepper and soy.

Only cotton, bananas, cacao, sugar cane, tobacco, tomatoes, wheat and grapes will see a slight decline because of lower volumes of production and possibly more stable prices.

The overall grain and oilseed crop for the 2007/08 year is estimated in 139.3 million tons, which is 5.8% over 2006/07.

Mercopress

Tags:

  • Show Comments (1)

  • forrest allen brown

    did M & SS have any thing to do with this
    and whitch compaines made the fitrlizer
    seeds . for this to happen

Your email address will not be published.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

Smiling Brazil to Bring Fluoridated Water to Half a Million People

Around half a million Brazilians are about to receive the benefits of water fluoridation ...

Russia and UK Main Boost to Brazil’s 32% Beef Export Rise

Brazilian beef exports yielded US$ 249.2 million in April, which represented an increase in ...

Orides Fontela: A Sketch

The last time I saw her, she regarded the grass and the trees as ...

Race Speaks Louder than Class in Brazil

The most recent research on race relations in Brazil disproves the view that class ...

Brazil Waits Formal Request to Monitor Argentina-Uruguay Dispute

The Brazilian government says it’s willing to help Argentina and Uruguay with the joint ...

The Case of Brazil’s Supreme Against PT Leaders Behind Mensalão to Start October 1st

On Wednesday, September 12,, the justice-rapporteur in Penal Case 470, known as the mensalão, ...

Brazil: Is Lula Abandoning Sí£o Paulo’s Mayor?

The main reason for people not voting for José Serra (PSDB) was his performance ...

Showdown Near Between Brazil and AIDS Drugs Labs

The Brazilian government must soon decide about breaking the patents of three antiretroviral medications ...

Brazil’s Plan to Use Unmanned Vehicles to Fight Smugglers Ruffles Neighbors Feathers

Brazil wants to use unmanned air vehicles, VANT, along the border areas of neighboring ...