A project of the Brazilian Ministry of Foreign Relations (Itamaraty), the Brazilian Cotton Institute and the UN agency will make US$ 10 million available to boost farming of the product in developing
Browsing: Agribusiness
The country should become the leader in foreign sales of the commodity in the 2012/2013 crop, exceeding the United States, according to a technical study by Expedição Safra.
Agronomist Maurício Antônio Lopes has been with the Brazilian Agricultural Research Corporation (Embrapa) for 20 years, and will replace Pedro Antônio Arraes, who resigned in September.
An agreement between Brazil’s Poultry Union and the Export and Investment Promotion Agency provides for over R$ 5 million to be allocated to commercial promotion actions.
The volume processed in Midsouth Brazil reached 381 million tonnes in late September. As a result, sugar and ethanol outputs have also dropped.
The price of soy has been generating incentives for cultivation and production of grain in Brazil may exceed 182 million tonnes in the 2012/2013 cycle.
Brazil shipped 305,700 tonnes last month, a 0.4% increase. Revenues from foreign sales reached US$ 632.7 million, down 3.4%.
Foreign sales from Brazil amounted to US$ 461 million in September, down 44% from September last year.
The company reached a new all-time high in daily output on September 29th, at 2 million litres, and also had record sales in the first quarter, at 145 million litres.
Languiru sells whole chickens and chickens in cuts to eight countries in the Middle East and North Africa. Company has in the region its main market and is seeking new business there.
An industry organization has revised its estimate for the current crop upward by 1.8%. The total harvest is expected to be up 5.14% from the 2011-2012 period.
Specialists believe the commodity’s prices should remain stable, with slight expansion in the short and medium run. The product is among the main items in the Brazilian trade basket with the Arabs.
Sector foreign sales generated US$ 62.5 billion from January to August. Last month, however, there was a reduction of 10.5% in Brazilian shipments.
Brazil exported the equivalent of US$ 517.7 million during the month, down 35% from August last year. The crop took too long to reach the market.
