After experiencing two weaker harvests, Brazilian Apple Producers Association expects Brazil to have a better output in 2025, opening up a favorable outlook for exports.
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State-owned energy major had a market cap of USD 2.43 on Wednesday (11), surpassing Apple, whose shares dropped.
The main factors driving the 20% growth in exported revenue were exchange rate, ideal weather, and increased consumption.
The United Arab Emirates is in talks to open its market for the apple juice from Brazil and sent a document to Brazil’s Agriculture Ministry with some specifications. Find out more on the Brazilian apple juice.
The biggest destinations for fruits including apples, melons, limes and grapes were the UAE, Saudi Arabia, Lebanon and Oman. Total exports from Brazil climbed 16%.
The Saudi Arabian state-run oil company’s initial public offering outdid that of China’s Alibaba. At an estimated market value of USD 1.7 trillion, Aramco is worth more than Apple.
