The industry grossed US$ 345 million from foreign sales in Q1 this year, according to the industry association. The trade balance ran a US$ 2.1 billion deficit.
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Brazil’s Conab is expecting a grain harvest in the 2014/2015 cycle of 202.23 million tons, an increase of 0.76% from the previous estimation.
Sales of the product dropped 7% in volume and revenue in April but some countries, such as Russia, Venezuela, Iran and Algeria, increased purchases.
Exports from Brazil grossed US$ 4.408 billion last week and imports amounted to US$ 3.432 billion, leading to a net positive result of US$ 976 million.
Financial market forecasts that Brazil’s economy will contract by 1.2% in 2015. As of last week, a less pronounced decline was expected, according to a Brazilian Central Bank poll.
Pierre Krähenbühl, commissioner general of the UN’s Relief and Works Agency for Palestine Refugees in the Near East, first visited the country last week. The organization would like regular donations.
The Arab country went from US$ 6.7 million in imports in the first four months of 2014 to US$ 8.3 million in the same period this year. The UAE are at 12th place in the list of Brazilian footwear destinations abroad while Saudi Arabia is 7th.
Due to higher prices, revenues from the international market increased more than the volume in the first four months. The Arab countries also bought more coffee from Brazil.
Deals were closed in business rounds held at the rice production chain’s fair in Pelotas, Rio Grande do Sul state. One of buyers came from Jordan.
At a meeting of secretary generals from Arab organizations in non-Arab countries, the Arab Brazilian Chamber presented its online certification project and was complimented on ANBA and its TV show.
The organizations will exchange information to assist exporters, conduct market studies, produce promotional material and other joint actions.
Exhibitors at supermarkets expo Apas this year gave a positive assessment of the event as pertains to breaking into the Brazilian market. Over a luncheon with the press, they showcased their country’s flavors.
A group with 20 local businessmen went on a business mission to China and UAE. In Dubai, they were introduced to the government’s plan that seeks the highest quality on public services and companies.
The FAO Commodity Price Index went down by 1.2% in April from March. For the rest of the year, lower costs are expected due to abundant supplies.
