Exports by the Brazilian meat company to the two regions fetched US$ 560 million in Q2, an increase of almost 5% over the same period of last year.
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Shipments fetched US$ 85 million in July. Egypt was the main destination in the bloc and the second in the world.
Brazil shipped 884,700 tons to the region from January to July. Countries such as Saudi Arabia, United Arab Emirates and Egypt increased their imports.
The 11th assessment of the 2014/2015 cycle estimates a production of 208.8 million tons of grains in Brazil. The record-breaking number is 8% higher than in the previous crop.
Exports revenues totaled US$ 117.8 million from January to July. The volume shipped, however, declined 4% in the same period.
There was a decline in July of the index calculated by FAO to the lowest level since September 2009. Dairies and vegetable oils are cheaper.
The region used to account for more than 20% of the meat company, now dropping to 16% in the year-to-year period up until June. The company redirected products to Asia and North Africa.
The volume sent abroad in July was record-breaking and increased in comparison to the same period of last year, according to the Brazilian Association of Animal Protein. Revenues in reais also increased.
According to data from the United Nations World Food Programme, food production remains well below the pre-conflict levels. Bread is 87% more expensive.
The Arab country will be able to export an additional 25,000 tons to the bloc per year. Europeans announced support to Tunisia in several different areas.
Brazil sold an amount equal to US$ 6.9 million from January to June. The UAE is the main market abroad.
Brazil’s external purchases of fertilizer declined in H1. Association reports a decline of demand in several crops cultivations. Arab countries also reduced sales.
A study done by the organization with partner institutions shows that prices should decline, but will still remain in higher levels than in 2008, when the increase begun. Brazil will compensate losses with productivity.
Egypt, Algeria and the UAE, which are among the top 10 importers of bovine meat from Brazil, increased their purchases from January to June. Egypt was the fourth leading buyer.
