Browsing: Agribusiness

Foreign sales of the commodity expanded by 115% in volume and 99% in revenues in the first quarter. The movement, however, should not invert the lower shipments forecasted for this year.

The country’s purchases from Brazil dropped early this year due to local authorities having found issues with products from other countries, and having decided to revise the documentation as a result.

In 2011, the sector benefited from a good crop and high international prices. The production surplus reached 800,000 tonnes. The goal for this year is to maintain the pace.

Sales of the commodity on the Arab market rose to 62,600 tonnes in the first two months. The lower crop being harvested, however, places doubt on further business.

In Cafelândia, Capanema, Coruripe and many other cities in Brazil, cooperatives are responsible for moving the local economy and generating income to those living and farming there.

This year, 157.5 million tonnes of grain, leguminous and oleaginous plants should be harvested in Brazil, a figure 1.5% higher than in 2011, according to the Institute of Geography and Statistics.

The good crop performance associated to high agricultural product prices in the global market caused the sector GDP to grow 3.9% in Brasil in 2011, more than the country GDP as a whole.

Foreign sales of the fruit should drop to US$ 35 million this year, against US$ 36 million in 2011, according to forecasts by the ABPM, a producer association. Arabs buy apples from Brazil.