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.

Strategy to increase local food production and achieve wheat self-sufficiency was the focus of the Arab country’s prime minister’s meeting with the FAO Director-General. The organization also discussed how to help the country tackle climate change.

The country has detected for the first time a highly pathogenic avian influenza (HPAI) outbreak in a commercial poultry farm. The government has implemented measures to contain the issue, including the disposal of birds and eggs from the facility and the suspension of chicken exports from Rio Grande do Sul, where the case was reported.

The Gulf country has deposited its instrument of acceptance of the World Trade Organisation (WTO) Agreement on Fisheries Subsidies, which is aimed at curbing harmful subsidies that contribute to overfishing and promoting the sustainable management of global marine resources.