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Brazil Property News: Minas Gerais' exports boom
13th May 2008 04:58
Exports from Brazil's south-eastern state of Minas Gerais boomed by more than one quarter (26.2 per cent) in April compared to the same time last year.
The growth was double the national average of 13 per cent as the state's exports reached $1.65 billion (£800 million).
Minas' main exports were iron ore and coffee as the state's accumulated exports for 2008 reached $6.2 billion – a growth of 11.6 per cent on the first four months of 2007.
The figures were released by the Exportaminas Centre based on a study by the Ministry of Development, Industry and Foreign Trade.
People considering buying property in Brazil could be interested to hear that Minas Gerais' economy is showing strong growth.
Meanwhile, the country's government predicts that the coffee crop will deliver its second largest yield for a decade this year.
It predicts the country's farmers will harvest 45.5 million bags of coffee this year to cope with a domestic demand of 17 million bags, leaving 28 million bags left over for exportation.
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