Brazilian wine shipments grew by 257% at the first half of the year and the sector expects to grow even further in some markets.
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Sales from Brazil amounted to US$ 14.7 million year-to-date through July, and the Arab country ranked tenth on the list of leading destinations. Overall, exports declined.
During the month, the amount of debt owed by consumers in Brazil increased by 4% from June and 11% from July last year.
Foreign sales amounted to US$ 1.22 billion in July. Shipments to the United Arab Emirates and Egypt, the leading destinations, have increased significantly.
Watch in this episode: ‘Iraq: From its origins and in search of a destiny’, a book by ambassador Bernardo de Azevedo Brito; Brazilian Week at The Sultan Center Supermarket, in Kuwait; and a lecture about double taxation.
The US$ 336 million deficit in the first ten days of the month was the result of US$ 5.455 billion exports and US$ 5.791 billion imports.
Campinas Coffee Festival is a part of a gastronomic event in the municipality and will include a train ride on August 23rd with Arab snacks and a folk dance performance.
According to the company, foreign sales will average at 250,000 barrels per day in the second half this year, up 51% from the first half.
Financial institutions polled by the Brazilian Central Bank now see a growth of only 0.81% for Brazilian economy in 2014. Previous estimate had seen 0.86%.
Economist Eduardo Gianetti da Fonseca will deliver a lecture on economic perspectives for the country at the organization’s offices on August 19th at 7:00 pm. Registration is open and slots are limited.
Price index calculated by the organization is down 2.1% in July from June. Decline was driven by lower prices of oilseeds, maize and wheat.
According to consulting firm KPMG, 406 merger and acquisition (M&A) operations took place in Brazil in H1, the second best result for the period since 1994.
Brazil produced an average of 2.246 million barrels per day in June, up 2.6% from May and 6.9% June on June.
Brazilian Development Bank chairman Luciano Coutinho admits that the upcoming election is causing investment to be delayed. The number of consultations to obtain funding from the bank has declined.
