In February, the organization’s food price index registered lowest prices of the last 55 months. The cost of cereals, sugar and meat offset appreciation of milk and oils.
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Enterprise from the Ras Al Khaimah emirate is exhibiting at Expo Revestir tile fair in São Paulo. Brazil is the premier target market in the region, and the company plans on having a local branch in the country.
Brazilian companies from the agricultural machinery and school supplies sectors will attend meeting scheduled for March 10th. Delegation includes ministers and government representatives.
The meat packing company grossed US$ 4.8 billion on foreign markets last year. The Middle East lost share as a destination and Africa remained level.
In February, 200,000 units were manufactured, 28.9% less than in the same month of last year. Exports, however, increased 9.2%.
The rate of foreign goods sold on the Brazilian market was 22% last year. In industry, the share of imported inputs was 24%.
Organized by Apex-Brasil and the Arab Chamber, trade delegation will meet with importers from the sectors of food, machinery and construction. Entry is open until Friday.
Agreement signed by the two countries involves the growing of eucalyptuses in the Arab country. The goal is to produce wood, generate power and ward off desertification.
Index that measures the prices of primary products with international rates increased 4.97% last month, after dropping 5.14% in January.
United States dollar outflows from Brazil exceeded inflows by US$ 1.4 billion in the month, mostly as a consequence of financial operations.
Imports had been embargoed following the confirmation of an atypical case of mad cow disease in Brazil. The country will import frozen and canned beef.
Auto sales posted the worst February since 2008, according to the National Federation of Distribution of Motor Vehicles.
In January, Brazil produced 96.6 million cubic meters per day, a historical achievement. Oil extraction stood at 2.469 million daily barrels.
The deficit reached US$ 2.842 billion in February, pushing the year-to-date deficit to US$ 6.016 billion. Trucker protests prevented cargo from being loaded towards the end of the month.
