Browsing: Agribusiness
Dairy product shipping generated revenues of US$ 7.3 million in May, 188,7% over the result in the same month in 2003. Of this total, the Arab country answered to US$ 3.1 million. The sector, however, still shows a deficit. Import totalled US$ 8.3 million in the period.
Cattle beef producers brought in US$ 199 million on the foreign market. So far this year, international sales have yielded US$ 866 million. Egypt led the import ranking in the first five months of the year, but in May, Russia headed the list as main buyer.
The Arab countries are replacing import from traditional beef suppliers like the United States and the European Union, and are purchasing more from Brazil. Herds in both regions face mad cow disease. Cattle beef was the product that generated the second largest volume of export revenues in Brazilian agribusiness in May, with sales of US$ 477 million.
This Tuesday (01) the Brazilian Export Promotion Agency (Apex) should be signing an agreement with the Brazilian Beef Industry and Exporters Association (Abiec) to promote Brazilian cattle beef sales on the international market. The objective is to increase trade with the European Union, Eastern Europe, the Middle East, and South America, as well as opening new markets such as China, Japan, Mexico, and the Untied States.
The increase in milk, cheese, and butter sales to the Arab countries is helping revert the sector trade deficit. The negative balance has already dropped significantly in the first four months of the year. The Arab nations purchased 3,300 tonnes or US$ 5.8 million in Brazilian dairy products.
In all, around US$ 17.5 million will be financed by the Brazilian Development Bank (BNDES). Funds are going to be invested in units in São Paulo, Goiás, and Mato Grosso do Sul. The forecast is to increase production by 57%.
Japan and Singapore become, starting in the second half, importers mainly of apples, grapes, melon, citric fruit, and mango.
