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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.

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