Browsing: Agribusiness

Oman’s sovereign fund has acquired a majority stake in the Brazilian-based trading company Agribrasil, which sold over 1 million tons’ worth of grain in the first quarter of this year. The company ships product to the Middle East and North Africa.

The Arab country had a lower trade surplus in the sector in May due to increased imports and decreased exports. The main purpose of the fish purchased from the foreign market by Tunisia is industrial processing.

With Jordan removing restrictions on the entry of Brazilian chicken into its market on Tuesday (15), there are now eight Arab countries with no restrictions on imports. The bans had been imposed due to an avian flu outbreak.

Speaking in the Senate, Brazil’s Minister of Agriculture and Livestock, Carlos Fávaro, said that the vast majority of countries recognize the strength of Brazil’s sanitary system and that all measures from the contingency plan to contain avian flu have been implemented.