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.
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Decline occurred in November from October 2019 and broke a series of three months of growth, IBGE reported.
For a few years now, investments are being made to improve quality. The result is rising exports to countries like Algeria, the second biggest destination.
Brazilian state-owned company will focus its efforts in gas and oil exploration and production, said the company’s president Roberto Castello Branco.
The Industrialist Confidence Index climbed 0.5 percentage point in July, to 57.4 points, however perception of the current economic scenario remains negative.
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.
The Brazilian Institute of Geography and Statistics (IBGE) tracked 15 locations throughout Brazil, and production increased in most in August from July.
The Brazilian Institute of Geography and Statistics (IBGE) reported that output dropped in May from April in most of the 15 locations it keeps track of across the country.
