Sales to China are still going strong, driven by more affordable Brazilian product. Mato Grosso state industry association Aprosoja has revised down its output estimate.
Author: From the Newsroom
According to the National Office for Livestock Feed director general, the country has enough poultry to meet the domestic demand during the period. Algeria has forbidden exports of staple foods such as meats due to COVID-19.
The International Monetary Fund predicts 3% contraction of the world economy, with GDP shrinking 5.3% in Brazil and 2.8% in the Middle East. Next year, economies are expected to bounce back, provided that policies prove effective.
Brazilian government created a committee to suggest enhancements in the governance and methodology of bid rounds in the sector. Group will consist of representations of ministries and ANP.
On behalf of the country’s government, Etihad Credit Insurance is supporting businesses facing payment and supply chain disruption concerns due to COVID-19, among other services.
OPEC members, Russia and other producers agreed on a 10% cut in the world oil supply to refrain the price decline. In a meeting between G20 energy ministers, Bento Albuquerque explained Petrobras’ output cut.
As part of a self-isolation campaign to prevent the spread of coronavirus, the Egyptian administration launched ‘Experience Egypt,’ a website featuring online tours and content on culture, museums and archaeological sites.
Exit and reentry visas expiring between February 25 and May 20, 2020 have been extended free of charge for non-nationals residing in the country.
The month saw 3 million bags shipped from Brazil. Sales to Arab countries slid 15.7% year-over-year in the first quarter.
So far, 177 items have been made tax exempt in Brazil. Newly added products include zinc, vitamin D, and inputs for the manufacturing of respirators and lung ventilators.
Widam, one of the country’s largest beef suppliers, now sells this and other food products by app. In its website, the company states it sells bovine meat from Brazil.
The monetary authority announced that 8,000 enterprises and 100,000 individuals late on their credit payments will be taken off its ‘I-list’ amid the Covid-19 pandemic.
Arab Chamber holds next Wednesday (8), from 9 to 10:30 am (BRT), an online conference on food supply in Brazil-Arab trade. Khaled Hanafy, of Egypt, and minister Tereza Cristina, of Brazil, will join.
Foreign sales went up in terms of shipped volume, but declined in terms of revenue.
