Brazil shipped USD 8.57 billion worth of goods last month. Year-to-date, however, sales were up 0.2%.
Browsing: Agribusiness
Brazil produced 908 million dozen eggs, 3% down from the last quarter of 2018. Exports to Arabs grew.
Sales to the Arab countries reached 554,600 bags year through April. Revenue grew 8% to USD 66.2 million, according to Cecafé.
The country accounts to 25% of global trade of the product, up from a meager 1% ten years ago, according to the Food and Agriculture Organization of the United Nations (FAO).
The month saw USD 212 million worth of product shipped from Brazil to that region, up 60% year-on-year. The result is owed to the building of stockpiles for Ramadan.
The National Supply Company sees output potentially reaching 95 million tons in the 2018/2019 season.
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.
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.
