World Bank Chief Economist talks to Martin Wolf about challenge facing developing economies. China should worry more about the impact of inflation, caused by rise in energy and food prices,than a US slowdown (which will impact on exports). Yesterday the Brazilian government announced an extension of agricultural credit to boost agricultural production as a means to bring down the price of food staples. A recent study revealed food prices up by 15% in Sao Paulo and 50% in Natal.
June saw the largest outflow of capital ever from the Sao Paulo stock exchange, the Bovespa. This comes after the investment grade euphoria of May which came in the midst of a worsening global outlook which has not improved. The Economist last week highlighted the changing in fortunes for emerging markets. Ploughed into as developed economies faltered, it claims that $2bn has been taken out of emerging markets in the last 2 weeks alone. Rising commodity prices and rising interest rates contrast the inverse situtation earlier in the decade.
Sadia are to build a new complex in Campo Verde, Mato Grosso at a cost of R$630M. Their aim is to create a total production line for chicken processing that goes from incubation to slaughter, ‘processing’ up to 500 000 chickens per day! 60% of production from the new site willl be destined for the export market.
Brazil announced a contract to import up to 1 million tonnes of liquid natural gas from Venezuela per year from 2013.This comes after warning this week about shortages in Sao Paulo impacting on productivity with businesses reluctant to commit resources with energy shortages looming.
Production of ethanol from sugar cane overview in the guardian looking at land use pressures. Audio interview with Lula on Brazil’s position in the biofuel world market here.
O presidente do Banco Real concorda que optar pela responsabilidade socioambiental gera uma mudança de mentalidade que não pode ser revertida. “E tem cada vez mais gente vindo para esse lado”, diz Fábio Barbosa.
Ele percebe que, no Brasil, há uma mania de não se valorizar o jeito certo de fazer as coisas. “Quem age corretamente é considerado bobo e acaba sendo marginalizado desde os tempos de colégio”.
Tim Lynch article published on O Eco contrasting the positive headlines of the ethanol boom, with the destruction of the Cerrado and the lack of strategic planning built into ethanol production to create a truly sustainable fuel. Report from 05 to look at the disappearing biome.
World Bank Chief Economist talks to Martin Wolf about challenge facing developing economies. China should worry more about the impact of inflation, caused by rise in energy and food prices,than a US slowdown (which will impact on exports). Yesterday the Brazilian government announced an extension of agricultural credit to boost agricultural production as a means to bring down the price of food staples. A recent study revealed food prices up by 15% in Sao Paulo and 50% in Natal.
