The credit rating agency changed its outlook on the Arab country’s rating from stable to positive, mainly a result of advances made in reforms.
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The sector generated BRL 3.5 billion (USD 880 million) last year, BRL 500 million (USD 125.70 million) more than in 2016. The country has 17,000 registered organic producers.
The North American currency ended this Tuesday at BRL 4.14, up 1.48% over the previous day.
Foreign sales from Brazil reached USD 703 million, down 3.3% from a year ago.
The Brazilian state-run oil company began purchasing aviation fuel and diesel oil from abroad to make up for reduced supply resulting from a fire in its Paulínia refinery.
The fourth week of August saw exports reach USD 4.027 billion, with imports amounting to USD 3.586 billion.
A presentation on business opportunities in Arab countries will take place on August 29 at the International Marble and Granite Fair in Cachoeiro de Itapemirim, Espírito Santo.
The Brazilian Central Bank’s weekly survey shows that financial institutions expect a 1.47% growth for the Brazilian economy this year. Last week, the banks’ GDP forecast stood at 1.49%. The inflation forecast was revised up.
In a couple of days, BNB Importação e Exportação will get to the country the second container with a supply of Al Badawi olive oil. The brand is already on the shelves in three Brazilian states and will hold a week-long tasting at Empório Hortisabor, starting Monday (27).
CEO Michel Alaby spoke to an audience of students and executives at the Vale do Itajaí University, in Santa Catarina.
From January to July, the volume handled reached 76.33 million tons, the port’s best performance for the period. However, last month, cargo-handling declined 1.5%.
The International Migration Organization said the exodus from Venezuela can quickly escalate into a situation akin to the one underway in the Mediterranean.
Money sent from Brazil to other countries surpassed USD 1 billion in the year’s first half.
The Fund believe that the country’s economy will pick up in 2018 and 2019 after a downturn in 2017.
