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).
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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.
A meeting on the topic is scheduled for June in Mato Grosso state and one of the speakers will be from agribusiness cooperative Cooperáguas, which exports cowpea beans to the Arab market.
In 2015, the meatpacking company increased its sales to the Middle East and Africa, reaching USD 2.2 billion. The net profit was BRL 4.6 billion (USD 1.25 billion).
The sixth 2015/2016 crop survey points to a 1.3% increase in Brazilian grains production.
Last year, 21% of all foreign sales by the Brazilian meat packing company went to the region, a five percentage point increase over 2014. In December, the company signed an agreement with Saudi Arabia’s Salic.
Foreign sales from Brazil climbed 6% in volume and 25% in BRL revenue in February from a year ago. Revenue denominated in US dollars was down 11.5%.
A cereal brokerage company out of Paraná, Brazil, is using a terminal in the European archipelago to sell agricultural commodities to North Africa. The facility is located roughly 300 km off Tunisia.
