As per the Eclac’s forecast for 2015, the primary reasons for the slump in foreign sales from Latin America and the Caribbean are plummeting raw material prices and weaker international demand.
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The auction is taking place in February of next year and concerns contracts with delivery due in 2021. Overall, 1,055 power generation projects have been registered.
The Council of Arab Ambassadors talked, this Tuesday (20th), with Sérgio Danese, secretary general of the Ministry of Foreign Relations. They asked for the country’s support in resolving the conflict with Israel.
A project is investing in Pirarucu fish farming in captivity in North Brazil and improving quality in a bid to increase domestic and foreign sales. The Pirarucu is a prime fish.
Delegations from the Federal University of São Carlos and the Brazilian Cooperation Agency will join forces to create cane varieties adapted to the Arab country from 2016.
The Brazilian meat packer has taken over operations of Colombia’s Red Cárnica in August. Sales to Jordan have begun and there are plans of breaking into Egypt and Lebanon.
Brazilian imports overcame exports in USD 250 million. Year-to-date, there’s a surplus of USD 11 billion.
Projections by financial institutions polled by the Brazilian Central Bank indicate that benchmark rate Selic will not be raised at Monetary Policy Committee meeting this week or in November. The rate is now 14.25%.
Such is the expectation of association Apex-Brasil for deals during the upcoming edition of the Middle East’s leading food industry fair. The expo will run from February 21st to 25th in Dubai and registration is open.
For Otaviano Canuto, IMF’s director, labor shortage in some areas could be solved by immigrants.
The sector was one of the least impacted by cuts in financing from the Brazilian Development Bank (BNDES) and should see a 5% increase in loans this year.
Osmar Chohfi, the Arab Chamber’s vice president of International Relations, will speak at the organization’s office at 7pm on the 28th. Integration with South America will be one of the main topics.
Exports totaled USD 100 million in September, an increase of 38%. Year-to-date, shipments totaled USD 793 million, an increase of 17%.
Gross value of the sector’s production increased 1.3% from January to September of this year over the same period of last year.
