Arab country purchased 71,400 tonnes last year. Spearheaded by China, exports hit record levels in both volume and revenue.
Browsing: Agribusiness
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.
Mission took 15 companies to Abu Dhabi for SIAL Middle East, to run till the 11th. Apex-Brasil scheduled technical visits for the 12th.
Beef exports from Brazil are set to end the year 13% higher than 2018 at a record-breaking USD 7.5 billion as per industry association Abiec estimates.
Brazil shipped 37.4 million bags year-to-date through November. Arab countries imported 12% more.
Last month saw USD 8.21 million worth of product shipped from Brazil last month. Meats led the way, with sales also increasing for maize, cotton, and orange juice.
The Arab Chamber stand at the trade show in Cairo received over seventy connections in the first day. Grain company Popcorn and Rauscher Commodities Traders have participated in it.
Last November, the ton of beef from Brazil was sold for 21.6% more than a year ago. Specialists explain how sales to the Chinese may impact other markets, such as the Arabs.
