The forecast is from OECD-FAO. However, the report points out to a weakening in the growth of global demand and a decline in real prices.
Browsing: Agribusiness
International sales of the product were down 12.4% year-on-year in May, the International Coffee Organization reported.
These were the second-most shipped Brazilian agribusiness products from January to May.
Shipments of the product declined in volume from January to May of this year. Revenues also declined as well as both revenues and volume in May alone. Yemen and Jordan, however, increased their purchases of the product.
Brazil’s Ministry of Agriculture has launched a development plan for the sector, which aims to increase beans exports. In 2017, the country sold 106,000 tons to foreign markets.
The country shipped 467,600 tons of the product abroad from January to May. Purchases by the United States drove the hike in exports.
The amount of product purchased by Brazil from other countries was down 8.5% last month, industry association ANDA reported.
Foreign sales from Brazil were up 3% year-on-year. Soy, the primary driver of sales, accounted for 58% of total goods shipped abroad from Brazil.
Its first-ever international unit will cover the Middle East and North Africa. By 2020, the cooperative expects to double its sales to Arab countries.
The Brazilian Institute of Geography and Statistics (IBGE) released this Tuesday (12) its estimate from May regarding the cereal, oilseed and pulse harvest. The expected amount is down 0.8% from April.
The deadline for chicken meat sales from Brazil to Saudi Arabia and the UAE is the end of this month. Countries are discussing the slaughter process.
Brazil is going through the fourth day of a truckers’ strike, which has been impacting foreign sales, since meat cargos have been having difficulties to reach the ports. Per day, exports have declined by nearly 1,200 containers.
Purchases saw a 10.8% drop in April and a 13.2% drop in the first four months of the year.
Exports by Brazilian agribusiness totaled USD 8.89 billion last month. Year-to-date, exports generated USD 30.5 billion, up 4.4%.
