Speculators Are Not Welcome, Says Brazil’s Lula

    Brazilian President Luiz Inácio Lula da Silva once again came out in defense of his administration’s economic policy. "In this government we do not have a minister Palocci economic policy. We have a governmental economic policy that everyone in the government is involved in," said the President.

    Lula added that when economic policy is successful, everybody wins. If it is not, everybody loses. As for internal disputes in the government, Lula said they are common occurrences in all governments.

    He cited what he called the eternal conflict between developmentalists and monetarists. "If someone wants to speculate on the economy, he should leave the government alone and go to the São Paulo stock market," concluded Lula.

    Agribusiness Exports

    With exports of US$ 36.2 billion from January to October this year, up 9.6% compared to the same period last year, the Brazilian farm sector has set another a new record. However, there has been a slowdown in the rate of growth: in 2004 exports during the same period were up 29.5% over 2003 exports.

    Antônio Donizeti Beraldo, of the National Agricultural Confederation (CNA), says that one reason for the lower growth rate is the worldwide super soy harvest this year.

    "Soy accounts for 25% of our sector exports," he says, adding that the outlook is for international prices of soy to remain low throughout 2006.

    Agência Brasil

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    Ads

    You May Also Like

    Brazil's MST movement

    Brazil’s Landless Double Invasions to Become Part of Presidential Campaign

    The recent sharp increase in activity by Brazil’s Landless Rural Worker Movement (MST), as ...

    It’s High Season for Ice Cream in Brazil

    Sector foreign trade is still small, but the Brazilian Ice Cream Industry Association (Abis) ...

    In a Veiled Threat, Brazilian Military Denounce Lula for Corruption

    Since relinquishing in 1985 the power they held for 21 years, the Brazilian Military ...

    Brazil: Ary Barroso’s Unknown Album

    Researcher Omar Jubran has been working on the Ary Barroso project for about ten ...

    Lula Pleased with Brazil’s Disarmament Operation

    A survey by Brazil’s Ministry of Health has found that there was a reduction ...

    97% of Tourists Say they Want to Return to Brazil

    The construction of hotels, apart-hotels and resorts is going to receive investment of US$ ...

    Brazil Wants US Condemned for Cotton Subsidy

    Brazilian cotton producers are waiting for the World Trade Organization (WTO) to release its ...

    Looking for the Villains in Brazil’s Banking System

    “Does competition exist among Brazilian banks?” This interrogation, the title of a section of ...

    In Brazil, an Explosion in Duck Meat Sales

    A company from the interior of the southern Brazilian state of Santa Catarina is ...

    Fidel snaps Brazil Lula's picture

    Brazil Beefs Up Cuba Ties with Deals and US$ 1 Billion Help Package

    Cuban leader Fidel Castro is lucid and healthy enough to resume a political role ...