Financing to the sector supplied by the Brazilian state-owned institution was up 83% in 2014 from 2013.
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Financing to the sector from the Brazilian state-owned institution was up 83% in 2014 from 2013.
Brazil’s dollar outflow bigger than the inflow in US$ 2.4 billion from January 2 to 9, according to the Central Bank.
The figure was the result of US$ 13.4 billion in exports and US$ 11.4 billion in imports last year. Revenues from sales to Arab countries decreased, but sales volume increased.
The country granted asylum to 2,320 foreigners last year; 1,405 were from Syria. There was a more than threefold increase in number of requests accepted.
Industry bets on the devaluation of the real against the dollar to turn the price of the Brazilian product more competitive. The United Arab Emirates is one of the desired markets.
The institution posted a net profit of US$ 2.9 billion last year. The board of directors recommends the distribution of a cash dividend of 75% of the nominal share value.
The estimation released by Conab establishes that this year’s production could vary between 44 and 46 million bags.
By quarter three this year, the country will have issued a combined US$ 1.75 billion in bonds. The money will be spent on fuelling economic growth.
Some 36.2 million bags of the product were shipped, a volume 14.7% larger than in 2013. Sales to Arab countries were down.
The negative result in the first two weeks reached US$ 983 million, with both exports and imports dropping.
A poll with financial institutions conducted by the Brazilian Central Bank indicates higher prices and lower growth than in prior forecasts.
Two enterprises from Egypt and two from Oman will be at the ornamental rocks exhibition next February in Brazil’s Espírito Santo state. The event will feature 120 international exhibitors.
Foreign sales of the sector in 2014 in Brazil grossed US$ 96.75 billion, down 3.2% from 2013.
