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Brazil Property News: Record surplus of $50 bn for Brazilian agribusiness
22nd January 2008 11:52
Brazilian agribusiness exports have reached a record surplus of $58.4 billion (£29.2 billion) in 2007.
According to data disclosed by Brazil's Ministry of Agriculture, Livestock and Supply the industry saw an increase of 18.2 per cent in 2007 compared with the previous year.
Furthermore, imports by the sector totalled $8.7 billion (£4.4 billion) in 2007, an increase of 12 per cent, reports Brazzil Mag.
The ministry reported that contributing factors to this performance were the growth of the global economy in the last five years and the use of agricultural products for biofuel production.
Soy emerged as the key item for exports, totalling $11.38 billion (£5.21 billion), while meat came in second, with exports of $11.29 billion (£5.32 billion).
Positive news for Brazil's economy could prove beneficial for property investors in the Latin American nation.
Growth in the economy may help to raise house and rental prices as well as encourage a greater number of people to relocate to or visit Brazil.
For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
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