Brazilian Agricultural Research Corporation president Celso Moretti visited the Arab country and discussed partnerships in several fronts, including Africa. The institution could open an office in Abu Dhabi. “We’ve identified four big pillars of cooperation,” he told ANBA.
Browsing: Agribusiness
Production of the fruit could reach 330 thousand tonnes in 2020, said the country’s minister of Agriculture, Samir Taïe.
The corporation’s president Celso Moretti is visiting the Arab country, where the company considers opening an office.
The country was among the markets that grew over 20% last year. Exports to the Arab world grew by 5%. Cecafé will participate for the first time in Gulfood in Dubai.
Ministry of Agriculture calculated gross production value at USD 152 billion last year, up 2.6% from the previous year.
The country produced 241.5 million tonnes of cereal last year, up 6.6% from 2018. In 2020, the crop is expected to reach a new historic level.
Arab country purchased 71,400 tonnes last year. Spearheaded by China, exports hit record levels in both volume and revenue.
Brazilian exports were up 6.4% in revenue and 2.8% in volume last year. Saudi Arabia lost its lead to the Asian country as the main destination of the product.
North African country shipped 49,000 tonnes in 2019, up 36% from 2018.
According to the ministry, the fat cattle arroba price dropped by 15% from early to late December. But the price is expected to remain higher than a year ago.
The country got a revenue of USD 1 billion from exports of the product – mainly corn and rice – to the Arab world.
Year-to-date through November, imports grew by 5.3% from a year ago, to USD 5.058 million.
July through November – the first five months of the 2019/2020 crop season – saw 535,714 tonnes shipped abroad.
The Arab country, which had been the biggest buyer for eight years on end, saw China overtake it this year.
