Brazil earned USD 5.9 billion with external sales in 2015, a decline of 18% over 2014. The Egyptian market, however, expanded 8%.
Browsing: Agribusiness
National Supply Company (Conab) estimates a production of 210.5 million tons of grains in the 2015/2016 crop, with the Brazilian Institute of Geography and Statistics (IBGE) pointing to 210.7 million tons in the current calendar year.
Nearly 19,000 tons were shipped abroad from Brazil last year, up 53.5% from 2014. The United Arab Emirates was the leading buying country.
The industry grossed USD 88.22 billion in Brazil, down 8.8% from 2014. The Brazilian Ministry of Agriculture rates the performance as good for a slumping economy.
The FAO-measured price index dropped 19% in 2015. All groups of products became cheaper due to the excess of supply and global economy’s weak performance.
Sales abroad set records in 2015 when they reached 4.3 million tons. According to the Brazilian Animal Protein Association, Brazil accounts for 37% of the world’s exports.
Volume expected to be shipped on the next crop will be higher than the one exported from the 2014/2015 crop, according to industry association. But prices should remain low.
Saudi Agriculture and Livestock Co. acquired shares of the Brazilian meat plant for USD 188.4 million. Operation should boost the expansion of the Brazilian group in the Middle East.
Delegates from the Algerian conglomerate met with the governor of Brazil’s Mato Grosso state to discuss a corn-based ethanol plant in the city of Vera. Total investment in the area will amount to USD 750 million.
Ministry of Agriculture issued project with norms for purchases of fertilizers and inputs from abroad and is open to suggestions for the next 60 days. Arab countries supply the product to Brazil.
The estimation by the minister of Agriculture Kátia Abreu takes into account the opening and securing of new markets abroad occurred in 2015, especially for beef exports.
Foreign sales totaled USD 910 million from January to November and caused the food trade balance to post a surplus.
Brazilian coffee exports to the Arab world reached 1.36 million bags from January to November of this year, according to coffee exporters association Cecafé. Revenues from sales to the region also improved.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 209.3 million ton harvest of cereals, pulses and oilseeds next year. If the number proves true, the crop will be smaller than 2015’s.
