The region accounted for 23% of foreign sales by the Brazilian meat company last year, up 21% from 2016, and Minerva reports that consumption there is increasing.
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Sales from Brazil increased in 2017 from 2016, whereas total foreign sales of milk-based products slid. Exports to Saudi Arabia weakened, but Algeria resumed buying Brazilian product.
The year’s first forecast expects Brazil to harvest 14.5 million tons less than in 2017 regarding cereals, legumes and oil seeds.
The mission headed by the Ministry of Agriculture and that includes representatives of companies and sector organizations will arrive in the Arab country on February 15th. Business meetings are scheduled.
The Arab Chamber hosted a meeting between Lebanon’s Ministry of Agriculture and representatives of 12 Brazilian import and export companies to promote the Arab country’s products.
In 2017, 5% of foreign sales of the product from Brazil went to that region. Lebanon and Syria imported the most, volume-wise, and Algeria and Iraq increased their imports the most compared with 2016.
Foreign sales of agriculture and livestock products from Brazil grossed USD 96 billion last year. The top-selling item was soybeans.
Following an all-time high output at 237.7 million tons during the last season, Brazil’s total harvest could decline to 227.9 million tons in this one.
Seven nations in the region are on the list of top 20 buyers of Brazilian product. The Brazilian Beef Exporters Association (Abiec) presented the industry’s results this Thursday.
Brazilian Coffee Exporters Council chairman Nelson Carvalhaes said the country ‘does a great job’ in the region and that consumption is picking up worldwide.
Even though the country is still the biggest buyer of product from Brazil, the hike in tax charges caused shipped volume to decline by 20%. Brazil’s industry association expects sales to pick up in 2018.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts that Brazil’s grain, legume and oilseed crop will amount to 219.5 million tons in 2018, 22.4 million tons less than in 2017.
Brazil’s ministries of Agriculture and Foreign Affairs are taking companies that need cash for their projects to a meeting in Abu Dhabi with funds from across the Gulf. Registration ends on Monday.
A map of the potential that the beef industry holds was presented by a company executive this Tuesday (28) at a meeting with investors, and several Arab nations are on it.
