As of September, the Brazilian Institute of Geography and Statistics’ harvest forecast moved up in September from August to 242 million tons. Planted area is seen at 61.2 million hectares.
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Production numbers slid by 0.8% in August from July as a result of weaker output in six out of 14 locations, the Brazilian Institute of Geography and Statistics (IBGE) said.
Industry association Abiec said the Arab country spent USD 73.7 million on roughly 21,200 tons worth of product from Brazil last month, placing second only to Hong Kong on the list of importing countries.
The Brazilian Ministry of Industry, Foreign Trade and Services said exports came out to USD 5.059 billion, with imports at USD 3.157 in the first week of October.
The country’s banking sector had USD 723 billion worth of assets in the first half of this year, the biggest amount of any Gulf Cooperation Council country and up 1.7% from the second half of 2016.
After six straight drops, the 2017 forecast from Brazilian financial market players changed up from 2.95% to 2.98%.
Brazil’s National Confederation of Industry will hold a forum for Brazilian and Arab entrepreneurs on October 17 in the UAE. Chairmen from Brazilian industry federations will attend.
The São Paulo-based cosmetics maker is embarking on a project for reaching out to foreign markets. A distributor in Saudi Arabia got in touch two months ago.
The Arab country’s conflict and its connection with the West-Middle East dialogue will be discussed in a meeting at the Sesc’s Research and Formation Center on Wednesday (11). French diplomat Anis Nacrour will speak.
Economic sanctions in place since 1997 will end on the 12th this month. The Trump administration has confirmed his predecessor Obama’s move to end sanctions, albeit three months late.
Survey by the Federation of Commerce of the State of Rio de Janeiro (Fecomércio-RJ) and Ipsos Institute also indicates that the average amount to be spent should go up in comparison to last year.
The Arab Chamber’s vice-president of Foreign Relations will talk about the ‘Brazil’s International Presence: outlooks, possibilities and relations with the Arab countries’ on October 21, in São Paulo.
The National Consumer Price Index (IPCA) ended last month below the 0.19% seen in August. From January to September, price increase in Brazil reached 1.78%.
The total amount traded from January to July in the capital of the United Arab Emirates accounted for 6.7% of non-oil sector turnover in the country.
