Consumption expected to exceed production in 7.8 million tons in the 2016/2017 crop, according to estimate by consulting firm INTL FSCStone.
Brazilian companies have gone to Beautyworld Middle East, a hygiene, perfume and cosmetics fair in the United Arab Emirates. They hope to close deals as a result of contacts made in the Arab country.
Brazilian sales totaled USD 774 million, a decline of 2.4% over the same month of 2015. Imports, however, increased 4.8% and reached USD 497 million.
The Brazilian trade show features medical equipment manufacturers and service providers. Egyptian enterprises are exhibiting and looking to increase their market share.
Gross Domestic Product increased in Jan-Mar from the comparable year-ago period. In Q1 from Q4 2014, GDP was up 0.4%.
According to consulting firm Serasa Experian, credit demand declined 5.1% over March. In comparison to April of last year, there was an increase of 7.8%.
The Iace indicator, computed by think tank Fundação Getulio Vargas and the United States’ TCB edged up 1.2% in April after having climbed 1.1% in March and 0.2% in February.
The Arab Chamber is offering 19 spaces at its stand in the Middle East’s biggest civil construction industry fair. The event will run from November 21st to 24th in Dubai. Members get 25% off.
Delegates from the organization will be at the Egypt Investment Forum and the Arab Forum on Renewable Energy and Energy Efficiency. The events will take place in late May and early June in Cairo.
The storage equipment maker reported BRL 25.9 million in net income in Q1 this year. The company is working to increase sales in Africa, Latin America and Eastern Europe.
The financial market awaits the announcement of economic measures this Tuesday. The North American currency closed the day at BRL 3.504.
In the month’s second week, external sales again surpassed purchases of imported products, just like in the first week. Thus, the trade balance registered a surplus of USD 1.747 billion.
Casa Maní sells batter for making the typical Brazilian food to seven different countries and is looking to branch out. The company’s goal is to ship up to 30% of its production abroad.
Estimates by the financial institutions on the economy show a 3.88% GDP drop this year over 2015, according to survey by the Brazilian Central Bank. Previous forecast pointed to a 3.86% decline.
