Data from exporters’ council indicates that Brazil grossed US$ 87.3 million with coffee exports to the Arab world from January to May of this year, an increase of 2.5%, but the volume shipped dropped.
Author: From the Newsroom
In May, sales at Brazilian stores were 0.6% higher than in April and 3.4% higher than in May of last year.
The sale of an oil rig helped drive export revenues up and reduce the country’s trade deficit year-to-date.
Report from Unctad shows that foreign direct investments even quadrupled in least developed countries between 2002 and 2014.
The IMF assigns this negative performance to the oil price decline, but states that the country is capable of making a fiscal adjustment because of the great wealth accumulated with exports of the commodity.
FAO’s index, which surveys the cost of five groups of commodities, registered in May a decline of 20.7% in comparison to the same 2014 period.
Foreign sales of chicken meat from Brazil amounted to 329,200 tons in May this year. Revenues increased in Brazilian currency and declined in US dollars.
The web page allows exporters and importers to gain access to information about trade agreements, tariffs and rules for the purchase and sale of products.
Foreign sales declined year-on-year in quarter one, according to the Inter-American Development Bank. Only three countries in the region saw an improvement in foreign sales performance.
Resources for funding, investment and trade of 2015/2016 harvest will reach R$ 187.7 billion (US$ 59.6 billion), according to the Presidency and Ministry of Agriculture.
The International Monetary Fund forecasts a fiscal deficit worth 20% of GDP in 2015 and says the government will need to make a fiscal adjustment.
Although May’s balance registered a surplus, Brazilian exports continued to fall in comparison with the same period in 2014.
Brazil produced 2.4 million barrels of oil per day in April, down 0.8% from March. Pre-salt layer extraction, on the other hand, went up.
A poll shows that the Central Bank is expected to raise the benchmark interest rate, known as Selic, by 0.5 percentage point this week, which will drive the per annum rate to 13.75%.
