The country purchased 364,000 tons from Arab countries in April and 1.14 million tons year-to-date through April. Total imports, however, dropped 6.4% last month.
Browsing: Agribusiness
Consumption expected to exceed production in 7.8 million tons in the 2016/2017 crop, according to estimate by consulting firm INTL FSCStone.
According to new normative ruling, the purchase of chicks and hatching eggs abroad will require a technical report and previous approval of the Ministry of Agriculture.
The Arab country will resume imports of live cattle from Brazil after suspending them in 2014 due to disputes related to foot-and-mouth disease.
External sales totaled 2.4 million bags in April and declined in comparison to the same period in 2015, according to balance report released by exporters’ council.
The volume produced in Brazil reached 30 billion liters last year and increased 6% over 2014, according to data by Brazil’s Energy Research Company.
Reduced soy and maize yield is weighing down on the 2015/2016 crop, as per a National Supply Company (Conab).
Brazilian chicken meat purchases by Saudi Arabia, Yemen, Egypt and Oman shared in April. China bought twice as much as it did a year ago.
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.
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.
