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Montevideo, September 27th 2022 - 21:36 UTC

 

 

Brazilian iron ore exports drop 19% in value, first time since 2002

Friday, June 22nd 2012 - 08:03 UTC
Full article 2 comments

Brazilian exports of iron ore from January through May were down 19% in value from the same period last year, according to a report from Sao Paulo based newspaper Folha on Thursday. Read full article

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  • GeoffWard2

    Revenues from iron ore down;
    revenues from corn impacted by a world glut;
    Petrobras needing pump price increases to support development costs;
    no EU trade pact for stable export revenues
    ....
    Infrastructure programmes in the continued doldrums.
    Collapse of the Mercosur/Argentinian trading economy

    Tough times, even for a BRICS country

    Jun 22nd, 2012 - 12:44 pm - Link - Report abuse 0
  • ChrisR

    You beat me to it Geoff.

    :o)

    Jun 23rd, 2012 - 03:45 pm - Link - Report abuse 0

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