A Brazilian Central Bank poll of financial institutions shows that prices are expected to have gone up by 3.71% by the end of the year. The result is the same as last week’s.
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The Index of Economic Activity of the Central Bank, which predicts Brazilian economic flow, grew in October in relation to September. Compared to October 2017, the rise was 2.99%.
Blairo Maggi made an assessment of his term and said he recommended to the future Minister Tereza Cristina that she travels to countries of the region at the very beginning of the new government. He added that Brazilian agribusiness should achieve a new export record in 2018, with USD 100 billion.
Third sector grew 0.1% compared to September and 1.5% compared to last year October.
Brazil’s AEB forecasts foreign sales will fetch USD 220 billion next year, down 7.7% from 2018. Imports are expected to go up, making for a narrower trade surplus.
Foreign participation in Brazilian airlines becomes unlimited. Until now the limit was 20%.
Exports to the region were down 19% from January through November to USD 2 billion, but the industry association expects a rebound in 2019. Saudi Arabia, the biggest market, is expected to increase its imports again.
The value refers to 135 deals made during the food industry fair SIAL Middle East. Brazil had a pavilion in the fair with 14 businesses.
This year should see 59.6 million 60-kg bags harvested, as per a November survey from the Brazilian Institute of Geography and Statistics (IBGE).
Brazilian association of manufactures hopes to achieve a number of 779 thousand manufactured units until the end of 2018. For 2019 the projection is a 10% growth, a total of 857 thousand bikes.
Brazil-based companies like Florestal Alimentos and the BrazilBarn group struck up deals at the Abu Dhabi expo which wrapped up on Wednesday (12). The event was also a chance to find new business contacts.
Association Abraciclo has revised up its 2018 estimate on the back of good results seen from January to November.
In line with the upward trend of the past few years, foreign sales are expected to reach 1.62 million tons in 2018 – the biggest volume ever shipped from Brazil. Revenues are seen climbing 7.4% to over USD 6.5 billion.
The products were brought to expo SIAL Middle East by Brazilian companies AE Negócios Internacionais and ABN8 Trading and made it to the finals for an accolade for innovation.
