Data from the Saudi Central Bank shows that spending jumped nearly 35% in the Arab country in the week leading up to Ramadan. Families typically prepare for the period and make larger purchases, mainly of food.
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Estimates from the National Bank of Kuwait indicate expansion of the country’s non-oil GDP.
Executives from Brazil and other countries discussed coffee sector opportunities for producers and industrialists. For them, the future lies in exploring the potential of other products containing caffeine. Items range from energy drinks to cosmetics.
With investments from the United Arab Emirates, the factory can produce around 900,000 tons of beet sugar.
With an increasingly young population, Arab and Muslim countries seek practicality in consumption, pointed out a debate on the first day of the Global Halal Brazil forum. The hybrid event ends on Wednesday (8).
The event will bring together producers, sellers, national and regional brand representatives, as well as coffee lovers and connoisseurs. Brazilians can register to exhibit, and coffee growers can send samples of green coffee.
Data is measured by the Brazilian Confederation of Goods Trade, Services, and Tourism. The index reached 68.4 points and has had its highest level since April.
Wheat exports from Brazil to the Arab bloc fetched USD 26.78 million in the first month of 2021. The product’s consumption in Arab countries is expected to grow by 2.5% a year.
According to the National Office for Livestock Feed director general, the country has enough poultry to meet the domestic demand during the period. Algeria has forbidden exports of staple foods such as meats due to COVID-19.
Price index recorded a year-on-year 1.1% decrease.
The Madrid, Spain-based International Olive Council released its preliminary estimates for the 2019/2020 crop. The North African country is expected to produce 350,000 tons of oil.
According to survey, Brazilian trade generated 2.66% more this year than in the same period of 2017.
The consumer expectation index measured by the National Confederation of Industry climbed 2.7% this month to 113.6 points.
According to the Electric Energy Trading Chamber (CCEE), the rise in temperatures last month impacted directly the consumption of energy.
