The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 186.1 million ton harvest this year in Brazil, down from 209.4 million tons harvested last year.
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Although shipped volume increased by 6% from January to August, 2016, revenue fell by 5%.
Production chain generated BRL 483.5 billion (USD 148.47 billion) last year, according to annual report by the Association of Brazilian Beef Exporters (Abiec).
The Brazilian Agricultural Research Corporation (Embrapa) developed BRS Aleppo, a cultivar well-suited for tropical climates. The research was done with material from the city of Aleppo, in Syria.
The country had an embargo on the state since 2012. The Ministry of Agriculture is hoping for shipments to resume in the next few weeks.
Veterinarians from Egypt’s Ministry of Agriculture are inspecting 24 different cattle slaughter facilities across eight states before issuing accreditations or renewing their permits to export to the Arab country.
Importers, exporters and Brazilian and Egyptian authorities gathered in an event organized by Brazil’s Embassy and meat exporters association Abiec.
Brazilian Ministry of Agriculture numbers show the country exported USD 2.7 billion worth of the product from January to July, a 25% drop over the comparable year-ago period.
Exports to the region totaled USD 97 million in July, an increase of 14% over the same month of 2015. Year-to-date, revenues with shipments went up 10%.
The region’s estimated capacity within five years is 43.1 million tons. Demand from countries including Brazil has given the local industry a boost.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 189 million-ton harvest of grains, oilseeds and pulses in Brazil, down 9.8% from 2015 numbers.
An international index measured by the FAO eased in July after increasing for five back-to-back months.
The region, which had accounted for 17% of the Brazilian company’s exports in H1 2015, was the target of 21% of sales in H1 2016. Iraq, Iran, Palestine and the UAE all stepped up their purchases.
Volume and revenues, however, went down in July in comparison to the same period in 2015, according to data released by the sector’s association.
