The Brazilian Agriculture and Livestock Confederation forecasts exports of 2 million tonnes of beef in 2011, growth of 25% over last year.
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According to the Ministry of Agriculture, arrival on the market of the summer crop should help contain food prices. Higher prices are contributing to tension in Middle East and North Africa.
Foreign sales of the Brazilian commodity totalled US$ 581.57 million last year. In volume, shipments totalled 2.72 million bags, growth of 9.3%, according to figures disclosed by the Cecafé.
The FAO index, which analyses a group of basic products and their price variations on the global market, showed growth of 3.4% in January as against December.
The southernmost Brazilian state accounts for 90% of the Brazilian output. This year, the crop forecast is 640,000 tonnes. High quality fruit is expected.
Sales of the product on the foreign market totalled US$ 2.042 billion last year, growth of 11.48% over 2009. Lower crops in Florida and São Paulo boosted prices.
The last crop in the state of São Paulo totalled 297.5 million boxes, equivalent to 80% of the Brazilian total. There was a decline of only 1% over the previous season. The forecast was 25%.
Copersucar, the top Brazilian sugar and ethanol exporter, and the Dubai-based Jamal Al-Ghurair Group, which owns the world’s largest sugar refinery, establish a maritime freight.
Egypt, Saudi Arabia, Libya, Kuwait and Jordan ranked among the leading targets for raw and processed bovine meat from Brazil last year.
Revenues from Brazilian exports to the Middle East reached US$ 2.2 billion last year, an increase of 13% compared with 2009. Brazil exported a total of US$ 6.8 billion.
The region’s share of Brazilian agribusiness exports has risen from 9% to 10%. Revenues from shipments to the Middle East reached US$ 7.7 billion last year.
The Ministry of Agriculture, Livestock and Supply wants to attract foreign funds into Brazilian agribusiness. Countries in the Far East and Middle East, such as Saudi Arabia, are being targeted.
Gross revenues from production and sales of agricultural products should reach US$ 110 billion this year. If confirmed, the result will be 8.29% higher than in 2010.
Brazilian foreign sales totalled US$ 5.66 billion last year, growth of 33% over 2009. The volume shipped was 33 million bags, growth of 9%.
