The silos and agricultural equipment records decline in revenue, losses and weakening of exports in Q1.
Author: From the Newsroom
A survey conducted by the Brazilian Institute of Geography and Statistics (IBGE) shows industry output lost steam in 11 of 15 areas in Q1 this year.
The industry grossed US$ 345 million from foreign sales in Q1 this year, according to the industry association. The trade balance ran a US$ 2.1 billion deficit.
Sales of the product dropped 7% in volume and revenue in April but some countries, such as Russia, Venezuela, Iran and Algeria, increased purchases.
Exports from Brazil grossed US$ 4.408 billion last week and imports amounted to US$ 3.432 billion, leading to a net positive result of US$ 976 million.
The Arab country went from US$ 6.7 million in imports in the first four months of 2014 to US$ 8.3 million in the same period this year. The UAE are at 12th place in the list of Brazilian footwear destinations abroad while Saudi Arabia is 7th.
Due to higher prices, revenues from the international market increased more than the volume in the first four months. The Arab countries also bought more coffee from Brazil.
The organizations will exchange information to assist exporters, conduct market studies, produce promotional material and other joint actions.
The FAO Commodity Price Index went down by 1.2% in April from March. For the rest of the year, lower costs are expected due to abundant supplies.
This Friday (8th), Congress will hold a formal session for the Islamic community that lives in Brazil. Requested by Representative Wadson Ribeiro (PCdoB-MG), proposal highlights respect for diversity.
External sales of Brazilian machinery and equipment amounted to US$ 1.235 billion in March, an increase of 56% from February and 22% over the same month of 2014.
The Fund says that the low oil prices will drive the Gulf country to post a deficit in current and external accounts this year. Raising taxes also an option.
The United Arab Emirates-based company operates a terminal at the Port of Recife. The amount of cargo handled was up 97% in quarter one, 2015.
The 13th round of biddings for the exploration of oil and gas in Brazil will take place in Q3. The requirement of association with Petrobras won’t be in place.
