Sales to China are still going strong, driven by more affordable Brazilian product. Mato Grosso state industry association Aprosoja has revised down its output estimate.
Browsing: China
Even though two facemask manufacturing facilities have reopened, output is lagging behind demand.
The disease outbreak has slowed down manufacturing in China, which is expected to reflect on countries it has economic relations with.
Overall Brazilian poultry exports were up 15%. The Arabs, though, imported 3.5% less year-on-year.
Casablanca-Beijing route was launched this Friday and will have three frequencies a week. Moroccan company also flies to Brazil.
Brazilian children’s footwear brand launched models created in Brazil but produced in China. The company exhibits at Couromoda and received Arab importers.
Arab country purchased 71,400 tonnes last year. Spearheaded by China, exports hit record levels in both volume and revenue.
According to the ministry, the fat cattle arroba price dropped by 15% from early to late December. But the price is expected to remain higher than a year ago.
The Arab country, which had been the biggest buyer for eight years on end, saw China overtake it this year.
Last November, the ton of beef from Brazil was sold for 21.6% more than a year ago. Specialists explain how sales to the Chinese may impact other markets, such as the Arabs.
Four oil blocks were on offer in the 6th Production Sharing Bidding Round. A consortium of Petrobras and China’s CNODC placed the winning bid for the Aram area, in the Santos Basin.
Fund predicts that global GDP will grow by 3% this year and 3.4% in 2020. Brazil and Saudi Arabia may see a recovery next year.
Brazil shipped 7.9 million pairs, up 65% year-on-year. Revenues climbed 44% to USD 84.35 million.
The foreign ministers of the bloc composed of Brazil, Russia, India, China and South Africa convened in Rio de Janeiro. They called out for increased representation of emerging countries with international organizations.
