The first half of the year saw 556,664 bags of the product shipped from Brazil to the region, down 5% from H1 2016. Export revenues increased to USD 97 million.
Browsing: News
Sales increase 4.5% in May over the same month of 2016. Growth forecast was revised up, from 1.2% to 1.6%.
The region was targeted by USD 30.8 billion worth of foreign direct investment last year. The United Arab Emirates was the number one destination.
Shipments of the Brazilian product to the Arab country increased 40% in the first six months. Sales to the Middle East dropped 10% in the same period. Overall, there was a 6.4% decline.
Industrial production grew 0.8% in May, with the expansion taking place in the majority of the areas surveyed.
Brazil’s IBGE continues to forecast a record-high grain crop for this year. Its latest estimate is up 1.7 million tons from the previous one. The harvest is seen exceeding the last one by 30.1%.
Professor Roberto Khatlab will speak to a group of tourists at an event on Wednesday (12). The address will be open to the general public and delivered in Portuguese. Admission is free.
Mercedes-Benz do Brasil will ship this month to Abu Dhabi trucks of the model Atego 1725. They will be used by the Ministry of Defense for troops transportation.
The estimate of the economic impact of six years of war is from the World Bank, which has a report out on the matter.
A study from the FAO and the OECD indicates that demand for staple foods will grow less over the next ten years, and that commodity prices tend to remain low.
Exports amounted to USD 4.055 billion and imports came out to USD 3.010 billion, the Brazilian Ministry of Industry, Foreign Trade and Services reported.
The forecast by financial institutions regarding the economy’s growth for this year went from 0.39% to 0.34%. Estimates signal the inflation being lower than the forecast from last week.
Atech develops systems for air traffic control and airspace defense and wants to offer solutions to other countries, especially in the Middle East.
Brazilian program that promotes the textile and fashion industry abroad has set their target markets for the next two years. The Arab country is one of them.
