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%.
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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.
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.
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.
