Specialists believe the commodity’s prices should remain stable, with slight expansion in the short and medium run. The product is among the main items in the Brazilian trade basket with the Arabs.

This Thursday (13th), the European Union made a proposal to the Egyptian president Mohamed Morsi, who is currently on a visit to the continent. Up to 700 million euros may be loaned.

Jaques Wagner, governor of the Brazilian state of Bahia, presented the project to 40 businessmen in the Emirates. National Bank of Abu Dhabi representatives showed interest in investing in Brazil.