Foreign sales declined year-on-year in quarter one, according to the Inter-American Development Bank. Only three countries in the region saw an improvement in foreign sales performance.
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Delegation from the Saudi Food and Drug Authority is in Brazil to visit rearing and slaughter plants of cattle and poultry. There will also be a meeting to discuss the end of the Saudi embargo on Brazilian beef.
Resources for funding, investment and trade of 2015/2016 harvest will reach R$ 187.7 billion (US$ 59.6 billion), according to the Presidency and Ministry of Agriculture.
Entrepreneurs from Saudi Arabia, Lebanon and Morocco will engage in matchmaking and visit Brazilian producers next week in São Paulo. The industry wants a bigger share of the Arab market.
The International Monetary Fund forecasts a fiscal deficit worth 20% of GDP in 2015 and says the government will need to make a fiscal adjustment.
Although May’s balance registered a surplus, Brazilian exports continued to fall in comparison with the same period in 2014.
Brazil produced 2.4 million barrels of oil per day in April, down 0.8% from March. Pre-salt layer extraction, on the other hand, went up.
A poll shows that the Central Bank is expected to raise the benchmark interest rate, known as Selic, by 0.5 percentage point this week, which will drive the per annum rate to 13.75%.
Promoted by Firma, ‘Maranhão for Business – Arab League’ takes place on June 9. The Arab Chamber’s CEO, Michel Alaby, will be one of the speakers. Registrations are open.
Created by five Rio Grande do Sul state students, the app Helping Hand is available in Arabic and other four languages. The program helps users find from legal aid to Portuguese classes.
International sales dropped 8.9%, according to the International Coffee Organization. There was also a decline of the world trade in the current crop year, which started in October 2014.
The Brazilian oil company accounted for 89.2% of investment by all federal government-run companies in the first four months of this year. Said companies have spent 17.9% of this year’s budget.
In the first three months of this year, the Gross Domestic Product was down 0.2% from Q4 2014. Year-on-year in Q1, there was a 1.6% decline. Agribusiness performance improved.
It was a 1.3% decline over Q4, according to Brazilian statistics institution. It was the seventh straight drop in this kind of comparison.
