Revenues with the product’s shipments declined 7% although the volume exported by Brazil climbed 1% to 1.4 million tons.
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According to the sector’s association, the goal is to prevent against an outbreak of bird flu. Last week, Chile reported an outbreak of the disease.
The National Supply Company (Conab) expects a 15% growth in production. And the Brazilian Institute of Geography and Statistics (IBGE) forecasts a record crop.
Tax rate went up from 5% to 20%. The poultry sector’s association expects the impact on Brazilian exports to be ‘marginal’.
Brazil shipped 4.4 million tons in 2016, up 1.9% over 2015. Revenues reached USD 6.8 billion, dropping 4.5% in the same comparison.
Output in the 2016/2017 harvest season will be 694.5 million tons, as per the projections of Brazil’s National Supply Company.
According to the Brazilian Institute of Geography and Statistics (IBGE), 778.82 million dozen eggs were produced in Q3, the highest volume since record-keeping began in 1987.
Fertilizer purchases by Brazil in the global market totaled 22.3 million tons from January to November. Supplies by Arab countries increased even more at 32.2%.
Out of all Arab countries, the Egyptian market has the strongest growth potential for 2017, according to industry association ABPA. In 2016, exports to the African country soared by 45.8%.
Foreign sales from Brazil are seen grossing USD 5.5 billion by the end of the year, down 7% from 2015. Imports from markets including Egypt and Saudi Arabia fell short of expectations, but a rebound is expected.
The region’s countries bought 13.3% more products in November in comparison to the same month of 2015, while overall shipments declined 3.1% in the period.
Forecast made by the National Supply Company signals a surge in the 2016/2017 crop to 213.1 million tons. The expansion of the planted area of soy is a strong reason behind it.
The state-run oil firm Sonatrach expects to ship 109 million tons of oil equivalent by the end of the year. The performance reflects an output increase.
The region purchased 1.1 million bags of the Brazilian product this year until November, but the volume was lower than last year’s. The largest importer is Lebanon.
