FAO’s index was up 0.7% to 151.8 points in April from March. Nevertheless, prices remained lower than in April of last year.
Browsing: Agribusiness
An Arab fund for investment in agriculture purchased a 20% stake in the Brazilian meat packer in late 2015. This Friday, executives from both organizations said the crisis in Brazil should not hurt their business.
Revenues in the Middle East and North Africa (MENA) reached BRL 1.6 billion (USD 463 million) in this year’s Q1. Sales volume also went up.
Agricultural technology fair will have business matchmaking with importers from 17 countries, two of them Arab nations. The exhibition is scheduled from April 25 to 29 in Ribeirão Preto.
The measure will be effective for six months and applies to a maximum quota of 1 million tons. The goal is to control domestic prices.
Brazil imported 4.19 million tons of fertilizers in quarter one this year. The Arab countries supplied 749,600 tons.
The 2016/2017 sugarcane crop in Brazil will amount to 691 million tons, outweighing the previous one, says the forecast from the National Supply Company (Conab).
Brazil shipped 140,000 tons abroad, a 21% increase over March 2015. Revenues climbed 7.8% to USD 518 million. Egypt and Saudi Arabia were among the leading buyers.
Shipments of the product to Arab countries totaled 338,700 bags in Q1 of this year, against 355,300 bags from January to March of 2015. Revenues generated declined even further at 17% in the same comparison.
Region appears at third place in list of largest importers of Brazilian agricultural products in March. Exports revenues totaled USD 724.3 million, with Iran being the highlight.
The 2015/2016 crop should result in 209 million tons, according to survey by national supply company. Earlier forecast was revised down, but even so the crop volume will set a record.
With almost 23,000 tons imported, the country held first place in March. Saudi Arabia, which recently resumed purchases from Brazil, already reached the 7th position.
Data released by the sector’s industry association shows Brazil shipped 403,400 tons of poultry in March. Revenues and sales of Q1 also increased.
The cultivar BRS Imponente will be introduced in June and could have grain available to exports next year. The innovation could boost sales of the products to countries such as Egypt.
