Foreign sales of lumber, paper and wood pulp increased in the year’s first six months, generating revenues of USD 4 billion to Brazil.
Browsing: Agribusiness
Saudi Arabia has been chosen as one of the priority countries for the sector’s promotion project, with actions happening in 2018 and 2019.
The forecast by the Ministry of Agriculture and by Brazilian Agricultural Research Corporation (EMBRAPA) shows that Brazil’s 2026/2027 crop will reach 288.2 million tons, up 51 million tons over the current crop.
The first half of the year saw 556,664 bags of the product shipped from Brazil to the region, down 5% from H1 2016. Export revenues increased to USD 97 million.
Shipments of the Brazilian product to the Arab country increased 40% in the first six months. Sales to the Middle East dropped 10% in the same period. Overall, there was a 6.4% decline.
Brazil’s IBGE continues to forecast a record-high grain crop for this year. Its latest estimate is up 1.7 million tons from the previous one. The harvest is seen exceeding the last one by 30.1%.
A study from the FAO and the OECD indicates that demand for staple foods will grow less over the next ten years, and that commodity prices tend to remain low.
The increase of the FAO Food Price Index occurred in May. In comparison to June of last year, it went up 7%. Wheat and meats drove up the index.
Foreign sales from Brazil amounted to USD 3.6 billion in the first half of the year, with over 2 million tons sold. Egypt was a major buyer.
The conglomerate intends to sell properties, stakes and businesses in Brazil, the United States, Canada and Ireland to a total of USD 1.8 billion.
The Low-Carbon Agriculture Program will make USD 693 million worth of financing available for planting, improvement and maintenance of cocoa crops.
Sales from Brazil to the region fetched USD 689 million in May. Saudi Arabia and the United Arab Emirates are some of the leading buyers of Brazilian agriculture and livestock products.
According to the Brazilian Coffee Exporters Council (Cecafé), shipments to the region totaled 486,800 bags from January to May. In general, Brazil’s foreign sales also declined.
The 2016-2017 season will see 234 million tons of grain harvested. The amount is up 25.6% from 2015-2016.
