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.
Browsing: Agribusiness
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.
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.
