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.
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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.
So says the Brazilian Meat Exporting Industries Association, which is expecting sales to Arab countries, the United States and China to increase.
The sector’s share in the economy stood at 21.4% last year and went up this year, according to the Brazilian Confederation of Agriculture and Livestock.
The Brazilian Animal Protein Association is expecting to ship 4.2 million tons abroad by the end of the year. In 2016, sales to new markets should fuel foreign sales.
International sales of the grain totaled USD 3.1 billion from January to October, up 13.6%. The dollar appreciation, productivity in Brazilian crops and weak domestic demand favor this increase.
After going up in October, FAO’s index that measures the cost of food commodities slid last month. The UN’s agency states that grain production in 2015 will be smaller than expected.
In November, 389,100 tons were shipped from Brazil, with revenues up 33.8% from November 2014.
Besides the announcement of investment in enhancing agricultural defense at Brazilian borders, minister Kátia Abreu launched programs this Tuesday to streamline exports and for zoo-phytosanitary emergencies.
