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.
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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.
According to the Ministry of Agriculture, sector exports to the region, which comprises Arab countries, increased in April and reached US$ 593.6 million. Sales to the Middle East have also risen.
The world’s leading processor of animal protein, the Brazilian group exported US$ 389 million to the two regions in the first quarter, i.e. 16% of its total foreign sales.
Brazilian grain production this year should total 158.7 million tonnes, a 6% increase over last year, according to the Brazilian Institute of Geography and Statistics.
Cancellation of the import tax, scheduled to end in May, has been extended to June 30th. The textile sector continues suffering with crop problems.
The agribusiness fair held last week in Ribeirão Preto was visited by 870 foreigners, mostly from Venezuela, Argentina and the United States.
The Brazilian state-run company intends to raise its share in the sector from 5% to 15%, de according to the minister of Mines and Energy, Edison Lobão.
