The Arab country, which purchased more buffalo meat from India in 2008, should return to its post among main markets for Brazilian beef this year. Despite the crisis, the sector is optimistic.
Browsing: Agribusiness
São Paulo – Brazilian beef exports dropped to US$ 255.68 million in January 2009, 45% less than in January 2008. In terms of volume, sales in January totalled 81,810 tonnes, a reduction of 34% over the same period last year. The figures were disclosed today (12) by the Brazilian Beef Industry and Exporters Association (Abiec).
Foreign sales of the sector totalled US$ 4.15 billion in January. According to the Ministry of Agriculture, the reduction in prices of the main commodities traded by Brazil had a great influence.
Estimates by the Ministry of Agriculture show that agricultural income should reach US$ 66 billion this year, down US$ 6 billion from the previous period, when it reached US$ 72 billion.
With revenues of US$ 15.7 billion last year, the state answered to 21.85% of agribusiness foreign sales, which generated US$ 71.06 billion.
The Kenana Sugar Company was built by the Brazilian Dedini and should start operating in late March. It should produce 61 million litres of ethanol a year and export to the United Kingdom.
The funds should be made available through the Cooperative Development Program for Value Added Agricultural Production. The measure should guarantee more credit for the 2008/2009 crop.
A report disclosed during the event, which gathers business and political leaders from several countries in Davos, calls for investment of US$ 515 billion a year in clean energy generation until 2030.
Sustainable exploration of the tree native to the Brazilian savannah guarantees extra funds to over 200 small farmers in Poconé, in Mato Grosso. The roasted nut is now sold in several states.
Shipments totalled US$ 6 billion last year. The increase was greater than the expansion of total Brazilian agricultural exports, which was 23% in 2008.
In times of financial crisis, the new president of the United States may intensify protectionism, thus reducing Brazilian expectations of improving the agribusiness environment with the United States.
Barack Obama’s administration has already shown interest in environmental issues. His campaign commitments included sustainable development and implementation of clean energy technologies.
The region was the leading market for the sector in 2008. Exports to Middle Eastern countries totalled 1.1 million tonnes, growth of 13% over 2007. Sales totalled US$ 1.9 billion, growth of 46%.
The estimate for the next world grain crop, disclosed yesterday by the United States Department of Agriculture, is of 2.24 billion tonnes. Brazil answers to 6.2% of that total.
