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.
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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.
During a meeting in Riyadh, executives and officials went over the next steps to paperless issuance. Egypt has already begun implementing the process.
The Brazilian food company posted a BRL 3.2 billion net income in 2015. Brazil and the Middle East are the leading buying markets, and there are plans to increase market share in North Africa as well.
The country lifted its ban on beef from Brazil in November of last year, but it will only start buying once manufacturing units have been accredited anew.
The decline is a result of weather conditions in Brazil during the second half of 2015 and cheap commodities. A rebound is expected starting in July, according to the exporters association Cecafé.
In the first month of this year, Brazil shipped 97,394 tons of the product abroad. Revenues dropped 13%. Egypt stepped down its imports by 14.6%.
In the Brazilian Mid-South, the industry crushed 599.87 million tons of sugarcane by February 1st, up 5.22% according to industry association Unica.
Foreign sales declined in volume, but revenues went up due to the rising United States currency. Export numbers were released by the National Supply Company.
Exports of agriculture and livestock products from Brazil to the region fetched USD 461.3 million in January, down 29.5% from January 2015.
Index measured by FAO shows a decline of 1.9% in January over December, with a drop in prices in all the commodities surveyed.
Brazil’s crop will be smaller than expected, but even so it should reach a record volume, according to an assessment made by the secretary of Agricultural Policy of the Ministry of Agriculture, André Nassar.
Exporters association Abiec is taking 18 meat companies to the Gulfood fair in Dubai. Outside the event, two barbecues will be thrown for importers, authorities and opinion-makers in the UAE and Saudi Arabia.
