In quarter two, the meat company grossed US$ 2.97 billion in foreign sales revenues. The company exported the most to Asian countries and Mexico.
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The share of imported items in the Brazilian industry stood at 21.1% in the 12-month period ended June, according to figures from the National Confederation of Industry.
Brazilian sales of the product to the Arab country stood at US$ 10 million in the first seven months of this year. In contrast, shipments to the Saudis fell 21%.
According to the Central Bank, the balance between Brazil’s inflow and outflow of dollars up to the 9th resulted in a US$ 1.09 billion deficit.
Funds disbursed by the Brazilian Development Bank (BNDES) reached R$ 88.3 billion (US$ 38.4 billion) in the first half of this year. There was growth of 65% over the same period in 2012.
The country’s purchases generated revenues of US$ 1.57 billion in the year through July. The main reason was growth in shipments of oil and oil products.
Abiec warns that in July alone shipments totalled 132,400 tonnes, the greatest monthly volume in almost five years. Egypt was the 6th main buyer and Algeria the 10th.
Assets in the countries’ sovereign funds in the region exceeded US$ 1.6 trillion. Saudi Arabia led the ranking, with US$ 641 billion.
The 737-800 jet will be used on regional flights and this is the first of an order of 39 aircraft placed to the North American producer.
Export volume and export revenues were up from January through July. To the Cecafé CEO Guilherme Braga, the region is importing more product directly from Brazil, and less from intermediaries.
Up until the 11th this month, exports exceeded imports by US$ 593 million. Shipments were down 0.5% from the same period in 2012 and imports were up 6%.
Construction of the railway connecting São Paulo and Rio de Janeiro will no longer be auctioned this week. The tender auction will be pushed back at least a year, said the Brazilian minister of Transports.
The Global Islamic Economy Summit, held in partnership with Thomson Reuters, will take place on November 25 and 26. The event will focus on financial services, halal market and small businesses.
Quarter two net income stood at US$ 2.7 billion according to information released by the oil company. The decline from quarter one was mostly due to exchange rate-related depreciation.
