Cocoa Arrivals From Brazil's Bahia Post Seasonal Decline
19.01.2011
Cocoa arrivals from Bahia, Brazil’s biggest growing region, fell from a week earlier, in line with the seasonal decline
seen in previous years, analyst Thomas Hartmann said.
Bahia represents at least 70 percent of the country’s output.
Brazil (3) -- Analyses -- 2011
Brazil May Ask WTO About Possible Action on Weak Currencies
19.01.2011
Brazil, which saw imports from China surge 61 percent last year, may ask the World Trade Organization to look
into what action can be taken against countries that weaken their currencies, a Finance Ministry official said.
Carlos Marcio Cozendey, the ministry’s international affairs secretary, said the government hasn’t decided whether
to consult the Geneva-based WTO and that it’s too early to say if global trade rules apply to currency policies.
He said he wasn’t referring to any specific country or currency.
President Dilma Rousseff’s administration is voicing more concern about the yuan’s peg to the U.S.
dollar than her predecessor’s government at the same time policy makers are stepping up measures to curb a
38 percent rally of the real against the dollar since 2008. The gains outpace all 25 emerging market
currencies tracked by Bloomberg and compares with a 3.7 percent gain by the yuan in the same period.
Bulgarian