Browsing: Agribusiness

From the Newsroom São Paulo – Brazilian agribusiness exports reached US$ 36.037 billion between January and November this year. This performance is 29.2% greater than the US$ 27.8 billion in the same period in 2003. It is also the largest volume registered in the period since 1989. The figure is also much larger than the

Of the US$ 33 billion trade balance surplus the country should have this year, US$ 30 billion should come from agribusiness. These forecasts are by the National Confederation of Agriculture and Livestock (CNA). In the last three years, the trade balance surplus of agricultural products was greater than that of total Brazilian trade. In 2002, for example, the foreign trade surplus of the agricultural sector was US$ 20.3 billion, and the total country surplus was US$ 13.1 billion.

Brazil already exports cattle beef to 140 countries. In the evaluation of the executive director of the Brazilian Beef Industry and Exporters Association, Antonio Camardelli, the number of destinations is going to rise, at least, to 150. Foreign sales, according to him, are going to rise at least 10%. The Arab countries already answer to 16% of the revenues obtained by the sector on the foreign market and should continue growing in importance.

Between January and September, the country purchased 685 million tonnes of products from cooperatives in Brazil, which represents 11% of the total shipped by these companies. To the Arab countries in general, sales generated US$ 262 million, or 66% more than in the same period in 2003. In all, cooperative exports totalled US$ 1.6 billion up to the end of last month, and they should reach US$ 1.8 billion by the end of the year.

The Arab market answers to 35% of the Brazilian milk and dairy product foreign trade, but the market may grow. Sales to the Middle East and North Africa are helping the sector make its foreign trade balance positive. Bilateral trade, which is normally negative for Brazil, has already shown greater exports than imports in September.

The intention of creating a unified operation was announced last week by the Brazilian Mercantile & Futures Exchange and by the Rosario Futures Exchange. Together both countries harvest more soy than the United States, the largest world producer. However, international commodity prices are dictated by the Chicago Board of Trade. According to specialists, if the deal works out, it may bring benefits in terms of the price calculation and reduction of the farmer risk due to oscillation.