The United States have waived the option to appeal the WTO ruling in favour of Brazil in orange juice issue.
Browsing: Agribusiness
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%.
Shipments of Brazilian agricultural products to the region generated US$ 3.62 billion in revenues from January to May. Saudi Arabia, Algeria, the Emirates and Egypt were the leading markets.
Brazil exported the equivalent of US$ 8.4 billion in May. Soy and meats were the main export items. Over the last 12-month period, revenues from shipments reached US$ 82.6 billion.
Good weather conditions and high prices should drive the national grain crop toward a new record. The Statistics Institute forecasts a harvest of 161.2 million tonnes, 7.8% more than last year.
Shipments of the Brazilian product generated US$ 707 million in revenues last month. The volume shipped, however, only increased by 3.7%.
The Brazilian minister of Agriculture announced that the figure will be allocated to the funding of the 2011-2012 crop. He added that he intends to discuss commodities prices at a G20 meeting.
The volume of sugarcane ground in the current crop has reached 56.6 million tonnes, 40% less than the figure recorded in the same period of last year.
Sector sold US$ 1.681 billion abroad from January until April, a record for the period. The leading buyers were Germany, the United States, China, the United Arab Emirates and Algeria.
A farmer from Mato Grosso do Sul, of Syrian roots, has been breeding animals for over 20 years and promotes tourism at its property. He developed a technique for advanced slaughter of reptiles.
