Brazil’s footwear exports were up 15% on the year before during the period January-May 2004, to $707 million, the country’s footwear manufacturing association (Abicalçaldos) has advised.  In May alone, shipments were up 9% on the year-before, to $129 million. In announcing the figures, Abicalçaldos vice-president Ricardo Wirth said that weakening of the Brazilian real against the dollar, to more than R$3.00/dollar would only be felt from September onwards, when foreign orders start arriving for the following season. 

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