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Brazilian honey exports down 21.78%, industry confidence up 2.3%

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Staff writer ▼ | October 29, 2015
Brazilian honey exports declined 21.78% in the first nine months of the year in comparison to the same period of 2014, according to the Brazilian Association of Honey Exporters (Abemel).
Brazilian honey
Latam   Honey exports were worth $63 million
Exports were worth $63 million. According to the organization, the decline followed the loss of dynamism experienced by the agribusiness in the last few months.

Despite the decline, 2015 should be the second best year for Brazilian honey exporters, topped only by 2014, which closed with external sales worth $98.5 million.

Abemel’s executive manager, Flávia Salustiano, said, via a statement released by the organization, that the organization expects the decline to be temporary and an increase of external consumption demand in the next few months.

The Industry Confidence Index (ICI), surveyed by the Brazilian Institute of Economics (Ibre) of Fundação Getulio Vargas (FGV), increased 2.3% in October, when going from 66 to 67.5 points, becoming the second lowest of the historical series.

The result was impacted by the increase of 8.9% of the Expectations Index (IE), which went to 69.7 points, after getting to the all-time low 64 points in the previous month. In turn, the Present Situation Index (ISA) declined 4% to 65.2 points, marking the lowest point in the series.