The results are in for June’s exports in Brazilian agribusiness. According Flavio Maluf, there was a decrease of 0.7% when you match it against June of last year. This year the exports came up to $9.21 billion. This time last year, the sector’s exports were at that number. The agricultural sector makes up 45.6% of the total foreign transactions in the month. The sectors imports were $1.04 billion this year these numbers have a difference of 10.1% compared to this time last year. Flavio Maluf says these fluctuations caused a balance of trade in agribusiness that totaled $8.17 billion. Visit on his twitter for more updates.
A Breakdown Of Export Activity
Soy took up over half of the total exports in June. It was at 53.5%. There were four others that had an important share in the exports. Those were meat at 8.3%, forest products at 14.4%, coffee at 3.9% and sugar-alcohol at 7%. When looking at export destinations Flavio Maluf says that China has take the majority of Brazilian exports in the last year. The main products that went there were soybeans and cellulose.
The European Union was the second biggest stop for Brazilian exports in June. It was noted that sales increased for soybean by $94.7 million, green coffee by $17.64 million, pulp by $60.36 million and orange juice by $35.40 million.
Analyzing The Survey
Looking at Conab’s most recent survey of this past year’s harvest things are looking favorable for the agribusiness balance. Mainly about the sales of the soybean complex. The production is hoped to rise to 119 million tonnes which would be 4.2% more that the last harvest, Flavio Maluf reports. Conab has also estimated that the country’s total soybean export numbers for the year will be around 72 million tons. If true, this number would beat out the last period by 5.6%.
Economist Ted Bauman has been doling out advice on investment strategies for a number of years. He presently lives in Atlanta, Georgia, and is the editor of a few financial publications put out by Banyan Hill Publishing. Prior to this he had been living and working in South Africa where he worked for nonprofits that develop low-cost housing projects in multiple countries. One of these organizations was Slum Dwellers International which has built projects in Latin America, Asia, and Africa.
Ted Bauman is a graduate of the University of Cape Town which is where he double-majored in economics and history. He also has degrees from The State University of New York and Georgia State University. The latter two degrees were for business administration and an MBA in finance respectively.
He has written a few articles recently about how the current long-running bull market is going to die. What is going to kill it off is Trump’s trade war with China. America currently has an annual trade deficit of $330 billion with China. The US’s annual trade deficit with the rest of the world is $550 billion. Trump has come under the belief that he can fix these trade deficits by slapping tariffs on things.
A large part of the reasons for these trade deficits lie with Washington D.C. policies and corporate America, Ted Bauman has written. He says that American companies have been offshoring significant parts of their businesses in other countries since the 1980s that have cheaper labor costs and lower corporate taxes. However, Ted Bauman says that once you add this foreign income in the United States actually runs a surplus with Mexico, Canada, and other countries around the world.
He has also been writing about Amazon. While many people think Amazon should be considered a monopoly Ted Bauman isn’t one of them. He points out that Walmart actually generates three times as much annual revenue as Amazon does. He said that the Kroger grocery chain generates more income than Amazon does as well. They have 44% of the online market which, while huge, leaves plenty of room for competition.
Learn More: www.talkmarkets.com/contributor/Ted-Bauman
Boards Randal Nardone serves on- Mr. Randal is the co-founder of Fortress Investment Group LLC which was established in 1998. He also serves various boards due to his credentials and is currently serving as the firm’s Chief Executive Officer since August 2013. Since 1998 to date, Randal Nardone has served as the principal in Fortress Credit Corporation. He also serves as the president in Ncs 1 Llc and Springleaf Financial Holdings, LLC where he is also the Chairman. Randal is Vice President and secretary in the board of Newcastle Investment Holdings LLC. He also founded the Fortress Investment Fund IV, L.P. as well as Fortress Investment Fund V, L.P. where he is Chief Executive Officer, Principal and Chief Operating Officer. So far, according to public records, Randal Nardone has been associated to be in the board members of forty-seven companies. All the companies have been founded in a spun of twenty-two years having the latest company formed in September of 2014. Most of the companies, however, have been recorded as inactive in the recent years with only eight of them registered as active. Thirty-nine companies are dormant.
Nardone has also acted secretary of Newcastle since it was formed. He became interim Chief Executive Officer at Fortress Investment Group LLC on December 2011 where he serves to date in the same position. He is also the director at Brookdale Senior Living, Inc., Alea Group Holding (Bermuda) Ltd., GAGFAH S.A. as well as Eurocastle Investment Limited. Nardone was initially acting as a managing director at UBS from May 1997 to May 1998. Before 1997, he worked as principal of BlackRock Financial Management, Inc. as well as serving as a member of the executive committee at Thacher Proffitt & Woodlawn firm. Since 2006, Randal has also served as a board member at an investment firm.
Randal Nardone was listed by Forbes’ magazine’s in the “World’s Billionaires” in 2007 has a net worth of about $1.8 billion. He first hit the billionaire list in 2007 after the company IPO having been part of the “Fortress Five.” Ever since 2007, Randal has not been listed in the top billionaire’s club. Meet Fortress Investment Group’s Ex-Billionaire Interim CEO
Anil Chaturvedi is one of the topmost authorities in the field of banking and has worked with some of the biggest and most beautiful financial institutions in his career spanning over four decades. Anil Chaturvedi completed his education in India, where he did Masters in Business Administration from FMS College and graduation with economic honors from Delhi University. After completing his studies, Anil Chaturvedi joined the banking sector as he always planned to and worked a few of the local banks before moving to the United States, where he joined the New York Office of one of the top public sector banks in India, State Bank of India.
Joining the State Bank of India proved to be crucial to his success as it helped him get an entry to the finance of the western world. After working for four years for State Bank of India, Anil Chaturvedi went on to work for ANZ Grindlays Bank, where he worked as the Director of the International Operations for the next two years. Under his leadership, the revenue of the bank jumped quickly, and it helped the bank to make inroads to unexplored markets as well. After two years, Anil Chaturvedi joined Merrill Lynch as the Managing Director of the International Operations. Anil Chaturvedi was one of the top financial advisors in the world at the time and ensured that he contributed to the growth of the organization he was working in.
Currently, Anil Chaturvedi is associated with the leading Swiss private bank named Hinduja Bank. Anil Chaturvedi is serving the role of managing director at Hinduja Bank and has helped the bank achieve its target for the last six years. As the trade laws in India has changed and become much more flexible than earlier, it has become a hub for foreign investments. Anil Chaturvedi has been trying to attract foreign companies in Europe and the United States to invest in India through the Hinduja Bank. His expertise in the cross-border transaction has played a significant role in helping he clients with facilitating investments in India. Anil Chaturvedi continues to be one of the most respected bankers in the world.