From July 2014 to June this year, Brazilian producers shipped the most product abroad in a single crop: 36.4 million 60-kilogram bags. Sales to Arab countries declined in the first half of 2015.
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US dollar outflows were higher than inflows in June. During the first three business days in July, the foreign exchange balance is already running a US$ 1.5 billion deficit.
Survey by the National Confederation of Industry shows that 60% of the companies in the sector adopted measures to reduce spending with employees, such as mandatory vacations, less shifts and layoffs.
Importers from the region are attending industry expo Francal, in São Paulo, and the growth plans of exporting companies at the event include increasing sales to Middle East countries.
The United States currency was up 1.29% this Tuesday and closed at R$ 3.183, the highest price since May 29th.
With the domestic market slumping, the sector searches for a recovery of foreign sales as a way to produce more. Decline of 11.2% in revenues should improve to almost half of this percentage until the end of the year.
The Brazilian government is holding the event on the 10th this month. A thousand tons of hulled rice in bulk will be traded for the same amount of the processed variety. A UN agency will handle transportation.
In the first three business days of July, Brazil’s balance between exports and imports registered a surplus of US$ 636 million. Year-to-date, the surplus stands at US$ 2.8 billion.
The increase in exports was one of the few good news released by the automakers association about the first half. Output is down 18.5%.
Financial institutions polled by the Brazilian Central Bank have changed their economic contraction estimate for 2015 from 1.49% to 1.5%, for the seventh straight time.
Such is the estimate from the Brazilian Animal Protein Association for 2015. According to the organization, buyers are turning to Brazil due to avian flu outbreaks in other producing countries.
Meeting on August 22 in London will reassess the history, development and current scenario in relations between the two regions, and their influence on the Palestinian issue. Some of the speakers are Brazilian.
Apex-Brasil and Abiquifi will give a new boost to project Brazilian Pharma Solutions. Saudi Arabia is the priority market.
The amount traded at the São Paulo Stock Exchange was down from US$ 45.8 billion in May. The primary index was up 0.6%.
