Alongside cuts in foreign aid, climate shocks will impact the country’s economy this year, says the International Monetary Fund, following a meeting to discuss a new financial disbursement.
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Saudi Arabia is the fourth leading destination of chicken produced in Brazil. Shipments to Arab countries and elsewhere were lower, though.
From January to July 2021, the shipped volume declined. However, revenue from foreign sales grew. Egypt was the fourth largest buyer.
In January, Brazil’s revenue from exports to the Arabs climbed 74% from a year ago.
The Brazilian state-run utility company had posted USD 528 million in losses in Q3 2018. Revenue was up 9.7% and Ebitda increased by 303%.
Months is marked by seasonal revenues, such as income tax and oil royalties, which caused Brazilian public accounts to see a positive balance.
The country shipped out 364,000 tons last month. Revenues dropped 8.8%, to USD 582 million.
