The Brazilian federal government has announced the funding available for the 2017-2018 crop, with an added USD 1.5 billion from the past season.
Browsing: Agribusiness
Foreign sales from Brazil reached 349,900 tons during the month, and dropped by 5.6% year-to-date, according to numbers from the Brazilian Animal Protein Association (ABPA).
To Roberto Rodrigues, former minister of Agriculture, the Arab nations could play a larger role in the food trade with Brazilians, acting as distributors of products to other regions.
Brazil’s federal government will make the amount available via loans to smallholder farmers this year and the next.
The former minister of Agriculture will give a lecture on the sector outlooks on June 5 in São Paulo. The event is open to business owners and executives.
A delegation led by Brazil’s Agriculture minister Blairo Maggi will travel to Kuwait, Saudi Arabia, the UAE and Qatar. The goal is to demonstrate the quality of Brazilian goods and to draw investors in.
Soy and its products accounted for over half of Brazilian agribusiness foreign sales in April, with a 12.6% increase over a year ago.
Brazil grossed USD 71.9 million from foreign sales of the product to Arab countries from January to April this year. The amount is down 26.3% from a year ago.
The Brazilian-based company Korin is planning to ship the first batch to the Arab country in July. It began to export the product last year, to Hong Kong.
The new norm will be rolled out progressively from June. A list of the goods that will be required to be certified will be released soon.
Revenue slid year-on-year in April due to good sales in April of last year, the fact that April this year had less business days, and the Federal Police bribery probe Operação Carne Fraca, an industry association said.
Qatar Meat Production, the only meat processing plant in the Arab country, announced plans to start to import Brazilian animal protein directly.
Representatives from the sector met with Egyptian authorities and organized a barbecue to promote the Brazilian product in Cairo.
The action is designed to enhance the image of the product from Brazil in the Arab country, which is one of the premier markets for Brazilian exporters.
