Arab country purchased 71,400 tonnes last year. Spearheaded by China, exports hit record levels in both volume and revenue.
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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.
Reinaldo Varela and Gustavo Gugelmin will try to win for the second time in the SSV category. As for bikes, Antonio Lincoln Berrocal represents Brazil. This is the first time the event takes place in the Arab country.
Saudi Arabia, Kuwait, Bahrain, Oman, Qatar, Iraq, and other countries in the Gulf, Asia and Oceania were able to watch the last major celestial event of the year.
In an article on the Saudi Gazette daily, Rubens Hannun argues that Brazil’s trade relations with the region have grown stronger in the wake of Jair Bolsonaro’s visit.
Such was the revenue collected by the Saudi General Entertainment Authority during the event that featured myriad attractions in Saudi Arabia’s capital since October 11.
Exports from Brazil to the region were up nearly 40% year-to-date through November, with sales to the biggest markets increasing.
Businessman Obad Alzahrani was nominated Arab director of the organization as a representative of the Council of Saudi Chambers. He’s currently in Brazil and intends to study business opportunities.
The Arab country, which had been the biggest buyer for eight years on end, saw China overtake it this year.
Beef exports from Brazil are set to end the year 13% higher than 2018 at a record-breaking USD 7.5 billion as per industry association Abiec estimates.
The country’s budget announced this Monday predicts a revenue of USD 222 billion and a deficit of USD 50 billion.
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.
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.
The Arab Brazilian Chamber and defense industry association Abimde are hosting a seminar next Tuesday (10) in São Paulo to discuss, with companies and other entities, how to take advantage of the doors that have been opened by the president’s trip to Arab countries in October.
