The Bank of Brazil is going to make available US$ 29 billion in agricultural credit in the 2011/2012 season. The value is 17% greater than in the previous crop.
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The crop ended on June 30th resulted in 162 million tonnes of grain, according to the National Food Supply Company (Conab). There was growth of 8.6% as against the previous cycle.
By 2050, the Arab countries will still need to import half or more of the foodstuffs they consume. The region’s population should have more than doubled by then.
The European Union has extended its fishing agreement with Morocco for one more year. The agreement allows European ships to fish in Moroccan waters, in exchange for financial compensation.
Revenues from foreign sales grew by 28.5% in the first half. The volume shipped increased by 6.8%. The Middle East remained the leading market.
In July, the country will promote a forum to discuss the seed industry and biotechnology in African farming. The idea is to discuss how technology can help the region produce more.
Revenues with foreign sales of the product reached US$ 53.1 million in Minas Gerais in the first five months of the year.
Total sector foreign sales added up to US$ 2.16 billion from January to May this year, 30% more than in the same period in 2010. The Emirates, Algeria and Saudi Arabia are among the main buyers.
The United States have waived the option to appeal the WTO ruling in favour of Brazil in orange juice issue.
The outlook for the period from 2011 to 2020, launched by the OECD and FAO, informs that the Middle East and North Africa should rapidly increase their imports of food.
According to a report by the FAO and OECD, disclosed on Friday (17), meat prices should rise up to 30%, and those of grain may grow around 20%.
Revenues from sales to Middle Eastern countries reached US$ 1.13 billion in the first five months of the year. Saudi Arabia is the leading market in the region.
Financing package should be announced officially by president Dilma Rousseff on Friday, providing for a 5% increase in the grain crop and expansion of ethanol production.
The country will gain importance as a global supplier of foods, according to a survey conducted by the Ministry of Agriculture. The share of soy should rise to 33.2% and poultry, to 49%.
