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.
Browsing: Agribusiness
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.
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.
