Sales from Brazil to the region fetched USD 892 million in July. Saudi Arabia, Egypt, and the United Arab Emirates are some of the leading buyers.
Browsing: Agribusiness
The unit in Carambeí, Paraná will resume activities in early September. It used to ship some 6,500 tons of poultry items to Saudi Arabia each month.
Brazil’s Agriculture minister Tereza Cristina will travel to three or four Arab countries next September. She intends to discuss sales of new agribusiness products, as well as the import of Arab goods to Brazil.
The Center for Advanced Studies on Applied Economics (Cepea-USP) reported that despite a hike in foreign sales volume, lower prices led to a 2.7% drop in revenues.
Year-to-date through July, Brazil shipped over 990,000 bags to the region, up 48% year-on-year. Total exports were the highest in five years.
Egypt increased imports by 17.5% year-to-date, while the UAE acquired almost four times more, Abrafrigo reported.
‘Explore&Enjoy’ is the slogan created by the industry’s association that intends to increase exports by 50% by 2025. Actions to raise sales to the MENA region are already underway.
Arab country was the destination of 13% of Brazilian sugar exports during the 2019/2020 crop season, which started in April.
The emirate imported USD 2.1 billion worth of food and agricultural products in 2018. The sum is down marginally from 2017 numbers.
The new process will save the Brazilian food company USD 130,000 and 72,000 cubic meters of water a year.
Exports from Brazil to the region grossed USD 642 million in June, up 26% year-on-year.
The first half of the year saw 51,000 tons of product shipped. Sales to Arab countries as a whole also climbed.
The Madrid, Spain-based International Olive Council released its preliminary estimates for the 2019/2020 crop. The North African country is expected to produce 350,000 tons of oil.
Harvest to reach 236 million tonnes in 2019, 9.5 million tonnes more than last year.
