Weekly Report - 07 June 2012 (WR-12-22)

BRAZIL | Agricultural production expected to bounce back. On 5 June Brazil’s national statistics institute, Ibge, revealed that it expects that the total 2012 harvest of grains, legumes and oilseeds will be 160.3m tonnes, a 0.1% increase on last year’s record harvest of 160.1m tonnes. At the beginning of the year some of Brazil’s most productive agricultural regions in the south of the country suffered the effects of a severe drought which translated into substantial crop losses; and there was concern that this would seriously hamper Brazil’s economic performance. Indeed according to Ibge, Brazil’s lowly 0.2% growth rate registered in the first quarter of 2012 can be partly attributed to the poor performance in the agricultural sector.

End of preview - This article contains approximately 872 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial