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.
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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.
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.
