Private equity fund Mercatto Alimentos purchased part of the capital of Villa Germania, the largest duck meat producer in Brazil. The company exports 70% of produce to the Middle East.
Browsing: Agribusiness
Last year, sugarcane had the highest share of the Brazilian energy matrix since 1992, according to a Statistics Institute survey. Presently, cane accounts for 18% of power generation in the country.
Hassad Food, a company that belongs to the Arab country’s sovereign fund, has announced negotiations for the purchase of a sugar and ethanol plant, and of a stake in a poultry farming project.
Sales to the Arab world totalled US$ 1.037 million up to July, expansion of 23%. The Saudi market was responsible for purchases, being the third main importer of Brazilian oranges in the period.
The industry will invest in attending trade fairs in the Emirates and Saudi Arabia. The Arabs already consume Brazilian honey, but it is mostly shipped to the region via European distributors.
The country has adopted a series of environmental actions and plans to invest heavily in renewable energies in coming years. Solar energy is among the focuses. There is also interest in ethanol.
The Sugarcane Industry Association revised its estimate for this year’s sugarcane crop due to a dry spell. A total of 573.83 million tonnes should be milled, a 3.7% decline over the last projection.
The Brazilian company established a partnership with the United States-based KL Energy for developing alcohol fuel production from sugarcane bagasse.
DRO produces flowers, fine herbs and sprouts for gastronomy. The company supplies the main restaurants in the city of São Paulo and plans to invest in the foreign market in future.
Professors from Viçosa are training Algerian technicians to develop the Touil water basin. The institution has three projects for cooperation with Algeria.
Foreign sales of poultry posted record-high growth this year in the state of Paraná. From January until July, exports increased by 13.61% in comparison with the same period of last year.
Exports of Brazilian agricultural cooperatives to the Arab countries grew 20% in the first half of 2010 as against the same period in 2009. The Emirates are the main buyers.
A total of 7.2 million tonnes were imported from January until July, as against 4.5 million tonnes in the same period of last year. Brazil purchases 70% of its needs from abroad.
Countries such as Saudi Arabia, Egypt and the Emirates, plus Iran, are among the 20 leading international markets for Brazilian agribusiness. Total exports reached US$ 7.3 billion in July.
