Word: brazil
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Dates: during 1950-1959
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...Summed up a State Department official: "We get rid of our surpluses, we create a future demand, we help a critical country build." With the Indian agreement signed and sealed, Ezra Benson turned to the next items on his surplus-slicing agenda: similar but smaller deals with Pakistan and Brazil, designed to help them...
...Colombia's maturing crop. Roasters and brokers, caught with low inventories and suddenly aware that a shortage of mild beans for blending could be crippling, bid up the price from 63? to 80? a Ib. Colombia's mild coffee, which customarily commands 4^ or 5^ more than Brazil's standard grades, now brings a fat 20? differential. And the rain damage seems to have been vastly overstated. The nearly harvested crop, Colombians now say privately, will permit export of at least 6,200,000 bags, worth up to $650 million to Colombia's coffeegrowers...
Buckling under the pressure of Nationalist army leaders, Brazil's President Juscelino Kubitschek last week halted thorium exports to the U.S., canceled the 1955 U.S.-Brazilian agreement to cooperate in exploring Brazil for deposits of radioactive minerals. The U.S. embassy in Rio first learned of the turnabout by reading about it in the local newspapers. Brazil's troublemaking Communists, who could never have brought off such a coup by themselves, whooped with delight. Bannered the Communist daily, Imprensa Popular: HISTORICAL VICTORY
...Brazil and Argentina, potential oil exporters that are now importers, emotional nationalism hinders the search for oil by barring foreign capital from participation. Last week the government oil monopolies in both countries made news, but it was news of hopes and plans, not of discoveries and output. Argentina's President Pedro Aramburu told a gathering of representatives from oil-producing provinces that the national oil agency, YPF, had been put on a new autonomous status so that it could get on with its work. ''The Argentine future in petroleum is extraordinary." said Aramburu, predicting self-sufficiency...
...Brazil the head of the government monopoly. Petrobras, told a Chamber of Deputies committee about a new $435 million four-year plan for sinking 1,454 new wells. That sounded promising, but so far Petrobras is actually getting only 3% of Brazil's yearly oil consumption out of the ground...