According to the Brazilian Central Bank, the outflow of dollars surpassed the inflow in the country from August 1st to 10th.
Browsing: Agribusiness
The sector exported the equivalent of US$ 9 billion. The highlights were maize, whose sales were up 431%, and soy, up 23.5%. Egypt ranked among the leading target markets.
Mendes Ribeiro (Agriculture) said that Brazilian grain production should reach 166 million tonnes this year. The IBGE, however, forecasts a crop of 163 million tonnes.
The state has created the ‘Origem Minas’, to promote, in Brazil and abroad, the quality and diversification of agriculture and livestock products. Meetings with importers are scheduled.
Foreign sales amounted to US$ 429 million in July, a 20% decline from the same month of 2011. The volume shipped, however, was up 0.7%.
At a congress to discuss Brazilian opportunities in production of food and energy, criticism was made to infrastructure and fuel pricing. The Brazilian Development Bank promised logistics projects.
Crop reduction in the United States and a record Brazilian crop influence prices, farmer profits, meat cost and shipment abroad of the commodity.
State produces around 29 tonnes of the product each year and sells 13 tonnes to Asia. Agricultural leaders are working on qualification of production and greater export.
The 11th Brazilian Agribusiness Congress takes place on August 6th, in São Paulo. The event should cover the part played by Brazil in the supply of food and energy worldwide. Enrolment is open.
Exports of the commodity to the region grew 67% in volume in the first half. A specialist states that there was advance of sales and that they should drop later on in the year.
The world congress about the productive chain in the sector should take place in August in Salvador, the capital of the state. Approximately 9,000 visitors are expected.
The Brazilian Association of Meat Exporting Industries is developing a project to standardize Islamic slaughtering procedures in the country.
From January to June, 526,464 bags of the product were shipped to the region, a 9% decline as against the same period of 2011. Revenues, however, were up 1.5%.
Production should grow 1.7% a year over the next decade, against 2.6% over the last 10 years. Food prices should remain at a high level, according to a FAO and OECD report.
