At a seminar on exports, an Arab Brazilian Chamber executive announced a mission to prospect business for the Egyptian chemical industry in Brazil this year.
Browsing: Agribusiness
‘Innovative solutions for agribusiness, such as irrigation and seed improvement, are likely to interest Arabs,’ explained an Arab Brazilian Chamber analyst at Show Rural Coopavel 2023.
Revenue grew 39% compared to January 2022. China, Japan, Saudi Arabia, South Africa, and the European Union were some of the leading destinations.
The Egyptian government is encouraging the cultivation of crops such as soybean and maize to expand production and boost the local vegetable oil industry. Minimum price guarantees are expected to be implemented.
The Saudi Public Investment Fund has signed an agreement with US company AeroFarms to build indoor vertical farms to produce food throughout the Middle East and North Africa.
Coffee was among the top 15 exports from Brazilian agribusiness to the Arab countries in 2022. Of the list, coffee saw the highest price increase, up 88% from 2021.
The Egyptian company has Brazil among its main export targets for 2023, according to an interview businessman Khaled El-Haggan gave to ANBA.
Brazilian farmers want to cater to 20% of the Egyptian demand for imported cotton within two years. Agreement announced in January cleared exports.
Sold for higher prices, agricultural commodities accounted for 71% of the trade with the Arab countries in 2022. Sugar, poultry and iron ore were the leading items sold to the bloc.
The United Arab Emirates remained the leading importer of eggs from Brazil in 2022. Qatar, the World Cup’s host country, came second.
The country has invested in planting the crop conjoined with soybean. With estimates for a record harvest, specialists believe Brazilian producers will keep the buyers won over the last two years.
IBGE estimates that the 2023 cereal, legume and oilseed crop could increase by 12.6%. Soybean production is the main highlight.
Shipments reached record-breaking volumes and revenue in 2022. The United Arab Emirates were the second main destination for Brazilian exports.
Nater Coop Cooperative exported four containers to Egypt and expects to ship another four to the UAE until February.
