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:

You May Also Like

Argentina to Impose Retaliatory Tariffs on Brazilian Products

The government of Argentina announced it would slap anti-dumping tariffs for six months on ...

Yankee Samba School

California’s Cheremoya Samba School is both an oddity and pleasant surprise: the Escola de ...

Brazilian Businessman, 57, Crosses Strait of Gibraltar Swimming

Swimming across the Strait of Gibraltar non-stop for 22 kilometers (13.7 miles) until touching ...

Brazil Plays Its China Card

Brazilian Minister of Foreign Relations, Celso Amorim, in China with President Lula, said that ...

Kerry or Bush, Brazil Will Get the Stick

Brazilian historian, Robson Arrais commented that the election results in Latin America should not ...

Kids from Brazil. How Cool Are They?

Life in Brazil and in Rio, in particular, tends to be more focused on ...

Another Brazilian Minister Bites the Dust Accused of Corruption

The wave of corruption shell shocking the Brazilian government reached Communications Minister Luiz Gushiken ...

Brazil Finally Admits Belo Monte Will Cost Well Over US$ 11 Billion

Brazilian Belo Monte hydroelectric power plant’s actual construction will begin in September or October. ...

Child carrying sibling looking through the trash in Brazil

Brazil’s Poor Are Too Peaceful While Their Kids Starve do Death Amid Plenty

Recent studies show that a Brazilian prisoner is twice as likely to have come ...

Brazil Shares With World Experiences on Dealing with Racism

For the Minister of the Special Secretariat of Policies to Promote Racial Equality (Seppir), ...