Sales from Brazil to the region soared to USD 122 million year-on-year from January to July as shipped volume increased by 1.2%. Lebanon is the top Arab buyer of goods from Brazil.
Browsing: Agribusiness
During the current crop, USD 218 million worth of the fruit were shipped abroad from the Arab country, up nearly 20% from the prior season.
Foreign sales of soy beans should reach 64 million tons this year, according to the sector’s association. Forecast from June pointed to 63 million tons.
Sales of fresh beef went up 7%, with poultry climbing 5%. Egypt was one of the highlights among destinations.
Foreign sales volume climbed 6.2% last month, in the first increase since Federal Police operation Carne Fraca began. Industry association ABPA said the UAE, Egypt and Kuwait fueled the results.
Foreign sales of lumber, paper and wood pulp increased in the year’s first six months, generating revenues of USD 4 billion to Brazil.
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.
