The group exported 421,200 tonnes of beef in the second quarter from its units in Brazil and other countries. Company exports from the United States should rise further in the coming months.
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The president of Petrobras Biofuel, Alan Kardec, stated that there is going to be a significant increase in the total forecasted output, which is US$ 1.5 billion until 2012.
Global consumption is on the rise, especially where income increases, as is the case with Arab countries. Sector specialists believe that Brazil may sell more to the world and the region.
President Luiz Inácio Lula da Silva signed a bill creating the ministry yesterday. The government is going to disburse US$ 1 billion for investment in the sector until 2011.
The Petrobras Biofuel subsidiary should be officially inaugurated today with the opening of a biofuel mill in Bahia. The company is going to invest US$ 1.5 billion in the sector up to 2012.
The sector industry had revenues of US$ 23.6 million with sales of soy oil to three Arab countries in June. Expansion over the same month in 2007 was 470%.
Industry forecasts shipments of 1 billion litres this year, with revenues of US$ 750 million. The country wants to be a leading exporter in the field, and has already conquered several Arab markets.
This is the estimate of the Food and Agriculture Organisation. There should be increases in the production of maize and wheat.
Company Mozambique Principle Energy plans to produce 213 million litres of alcohol per year in the African country starting in 2013. Distribution should be to the domestic and foreign markets.
A highway connecting the Atlantic to the Pacific Ocean, with a length of around 3,000 kilometres, is going to simplify the transfer of Brazilian agricultural production, especially to Asia.
Embrapa wants to supply technology to crops in Libya using water from artificial rivers. The project is called The Great Man-Made River and should receive investment of US$ 20 billion.
Foreign sales totalled US$ 33.8 billion in the first half, 16% more than in the same period last year.
