Survey by the Brazilian National Company of Supply estimates a production of 33.58 billion liters for the 2018/2019 crop, a 223% increase over the last cycle.
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The goal was presented by Dubai Multi Commodities Centre (DMCC) president Ahmed Bin Sulayem during the Global Business Forum for Latin America in Panama.
National secretary of Aquaculture and Fishery, Jorge Seif Júnior, said he is intent to include Brazil among world’s top seafood producers.
The Brazilian National Company of Supply and IBGE have released their projections for the crops. Both expect growth.
Poultry meat is no longer required to undergo slaughter-through-shipping inspection by an Egyptian-accredited veterinarian. Arab Brazilian Chamber president expects the cost of selling to the Arab country to drop by 10%.
In March, 340,500 tons were shipped, a volume 9.5% lower than in the same month of 2018. The UAE and Qatar, however, purchased more, and the average price increased.
Sector’s revenue reached USD 1 billion last year, according to Brazil’s Ministry of Agriculture. Crop area in the country is 1.1 million hectares.
Tereza Cristina said Brazil is a friend to the region’s nations, and that she will work hard to sustain and enhance relations.
Last month saw USD 7.25 billion worth of products shipped from Brazil.
The first two months of the year saw 281,600 60-kg bags shipped from Brazil to the region, with revenues climbing 8% to USD 33.7 million.
The 2019 harvest will be up 1% from last year’s according to the Brazilian Institute of Geography and Statistics (IBGE).
USD 526 million worth of product got shipped from Brazil, up 6.3% from February 2018, with added demand from Asian countries, notably China. Half of Brazil’s top ten destinations are Arab countries.
Brazilian minister of Agriculture made the statement this Thursday (28) when the new president of National Company of Supply took office.
Expectation of businesses generated during Gulfood for the next months is up to USD 920 million, according to ABIEC and ABPA.
