Brazilian Supermarkets Expecting 6.5% Surge in Sales for 2007

Brazilian supermarket Sales at supermarkets in Brazil grew by 6.4% in the month of August compared with the same month of last year. In the accumulated result from January until August, the increase was 6.6%, in comparison with the same period of 2006. In a comparison with July 2007, there has been a 1.57% increase.

The data were disclosed today by the Brazilian Supermarket Association (Abras). In nominal values, the sector's sales rose by 2.05% over July, and by 10.85% over August 2006. In the accumulated result for the year, nominal sales so far stand at 10.16%.

"There has been a price recovery and a rise in income, therefore consumption has grown, driving up sales. Should the economy continue to expand, then we are headed for a growth rate of approximately 6.5% for sales in 2007, which represents a significant recovery for supermarkets after 2006, which was not so good a year," said the president of Abras, Sussumu Honda.

Organic Growth

Sales of organic products at supermarkets in Brazil should surpass 1.25 billion Brazilian reais (US$ 670,000) in 2007, a 25% increase over 2006. The estimate is from the Brazilian Supermarket Association (Abras).

Brazil is the world's second largest producer of organic products, and 70% of the sector sales are exports.

With 6.5 million hectares of cultivated area for organic products, Brazil currently ranks second in the global ranking, second only to Australia, which cultivates 11.3 million hectares.

Tags:

Ads

You May Also Like

Brazilian Presidential Candidate Marina’s Decision: The Biggest Loss of All

Green Party presidential candidate Marina Silva has decided to abstain from endorsing either of ...

Brazil’s Embargo-Proof Cattle

Brazil’s Ministry of Agriculture and cattle ranchers are joining forces in an effort to ...

Brazil Renews Its Commitment to South America and Mercosur

The Brazilian Minister of Foreign Relations, Celso Amorim, declared that the way to strengthen ...

Boeing Tragedy: Brazil Air Force Goes Looking for Blind Spots

While Waldir Pires, the Brazilian Defense Minister, continues repeating that Brazil’s air space is ...

Iraqi Women and Their Desires in a Brazilian Stage

Sitting on a bench, an Iraqi woman named Amal, fully covered by her black ...

Brazil and Venezuela Ready to Start Joint Oil Refinery

A dispute that lasted almost two years ended last January 14. The new refinery ...

What World Should Expect from Obama & Dilma: The End of Poverty Through Education

Since the end of the Cold War, presidents have no longer been defenders of ...

Agreement Promotes Mutual Cultural Understanding Between Arabs and Brazilians

A memorandum of cooperation to promote and disclose cultural activities about the Arab world ...

China, the New US of Latin America and Brazil

President Bush’s current trip to China underscores Washington’s vital interest in comprehending that emerging ...

Construction Works in Brazil Up 13% to US$ 328 Billion

The investment in Brazil on construction works was US$ 328 billion last year, according ...