Brazil posts smallest May trade surplus in 11 years

June 3, 2013

Reuters, 06/03/2013

Brazil’s trade surplus shrank to $760 million in May, down 74 percent from a year ago and the smallest surplus for that month in 11 years, Trade Ministry data showed on Monday.

The result was far below market expectations of a $1.8 billion surplus, according to the median forecast of 16 analysts surveyed by Reuters.

A fall in the prices of key commodities such as soy and crude oil have hampered Brazilian exports while the country’s imports are booming.

Read more…


Brazil-China local-currency trade deal may be signed next week

March 21, 2013

Paulo Winterstein – The Wall Street Journal, 03/21/2013

Brazil and China next week could sign an agreement that allows for trade of up to $30 billion to be carried out in local currencies, Trade Minister Fernando Pimentel said Thursday.

The two countries, which are taking part next week in a meeting with fellow BRICS members–an economic bloc consisting of Brazil, Russia, India, China and South Africa–are also in talks to extend the local-currency trade agreement to the entire bloc, Mr. Pimentel said.

Talks with China are the most advanced, he said, as the two countries already signed last year a memorandum of understanding that allowed for the local-currency trade. Next week, they could make permanent the accord, allowing for local-currency trade in the second half of this year, he said.

Read more…


Brazil-Argentina: it’s a love-hate relationship

March 13, 2013

Thalita Carrico – Financial Times Beyond BRICS, 03/12/2013

If Latin America was a gated community, Brazil and Argentina would be the neighbours that just cannot get along. Argentina would moan that Brazil keeps parking in its driveway and Brazil would complain that Argentina is building too big a fence around its backyard.

But in the real world of the region’s Mercosur trading bloc, things are a tad more complicated than that.

An agreement governing the automotive trade between the neighbours is supposed to result in free trade in the industry from July 1. Instead, Argentina is trying to go into reverse. Most controversially, it wants to force Brazilian carmakers to buy at least some of their parts from Argentina. (Now where could Argentina have learned that tric?) 

Read more…


EU and Brazil agree on a “speedy conclusion” of the trade pact with Mercosur

January 25, 2013

MecroPress, 01/25/2013

Brazilian and European leaders called on Thursday for the speedy conclusion of a free trade and cooperation agreement between the European Union and Mercosur. The call for action was made as Brazilian President Dilma Rousseff hosted European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso.

Both the EU and Mercosur “expressed the strong political will to reach an accord,” Van Rompuy told reporters.

Negotiations have so far stumbled over differences on agriculture, especially European farm subsidies, which are seen as hindering Mercosur efficient agriculture.

Read more…


Brazil posts lowest trade surplus in 10 years

January 3, 2013

Bloomberg Businessweek/AP, 01/02/2013

Brazil says its 2012 trade surplus is the lowest in 10 years.

The Trade Ministry said Wednesday that Brazil, posted a surplus of $19.5 billion last year, compared to the $29.8 billion surplus registered in 2011.

Brazilian exports in 2012 totaled $242.6 billion, compared to the $256 billion one year earlier.

Read more…


Brazil economic activity grows 0.4 pct in July

September 14, 2012

Silvio Cascione – Reuters, 09/14/2012

Brazil’s economy kicked off the third quarter at a slightly stronger pace than expected, suggesting an incipient recovery is taking hold after a year-long campaign of government measures to stimulate growth, central bank data showed on Friday.

The central bank’s IBC-Br economic activity index rose 0.42 percent in July from June in seasonally adjusted terms. The median estimate in a Reuters survey of 12 analysts was for a rise of 0.30 percent.

June’s rise, however, was revised down to 0.61 percent from 0.75 previously.

The index, a gauge of activity in the farming, manufacturing and services sectors, rose 2.34 percent from the same period a year before, the bank added, accelerating sharply from a 0.99 percent gain in the previous month.

Read more…


Brazil, Largest Beef Exporter, to Discuss Chain of Production at International Conference of Cattle Feeders

August 16, 2012

PR Newswire, 8/16/2012

From the 11th to the 13th of September, Brazil will host the fifth edition of Interconf – International Conference of Cattle Feeders (www.interconf.org.br/en). The event will serve as a forum for discussions on the evolution of the meat chain and its impacts on productive processes. The congress is held by the Assocon (National Association of Cattle Feeders) and Canal Rural.

With an estimated herd of more than 200 million head of cattle, Brazil is the world’s largest exporter of beef, and has the largest part of its production concentrated in the Central-Western region – where Interconf will take place, in the city of Goiania, capital of the State of Goias. In 2011, approximately 12.1% of the cattle slaughtered (or 3.46 million) were terminated in confinement.

The quality of the Congress technical programming is one of the highlights of Interconf 2012. The event will occur over the course of three days, with two days of plenary sessions and one day in the field. For this edition there has been an overhaul of the issues to be discussed.

Read more…


Follow

Get every new post delivered to your Inbox.

Join 5,523 other followers

%d bloggers like this: