Delegation from the Saudi Food and Drug Authority is in Brazil to visit rearing and slaughter plants of cattle and poultry. There will also be a meeting to discuss the end of the Saudi embargo on Brazilian beef.
Browsing: Agribusiness
Resources for funding, investment and trade of 2015/2016 harvest will reach R$ 187.7 billion (US$ 59.6 billion), according to the Presidency and Ministry of Agriculture.
International sales dropped 8.9%, according to the International Coffee Organization. There was also a decline of the world trade in the current crop year, which started in October 2014.
The meat producer’s revenues with exports to the two regions increased in Q1, but this markets’ share in the company’s total exports declined.
Brazil’s Conab is expecting a grain harvest in the 2014/2015 cycle of 202.23 million tons, an increase of 0.76% from the previous estimation.
Sales of the product dropped 7% in volume and revenue in April but some countries, such as Russia, Venezuela, Iran and Algeria, increased purchases.
Due to higher prices, revenues from the international market increased more than the volume in the first four months. The Arab countries also bought more coffee from Brazil.
The FAO Commodity Price Index went down by 1.2% in April from March. For the rest of the year, lower costs are expected due to abundant supplies.
The Brazilian meat company saw foreign sales soar 11% in Q1 this year, but the exchange rate and US dollar debt undermined results.
The company grossed 15.1% more in the Middle East and Africa in quarter one this year. According to the Brazilian food company, the result was mostly driven by the UAE and Saudi Arabia.
Event started this Monday (27th) in São Paulo inland and brings 800 brands and is expecting more than 160,000 visitors. For the exhibition’s president, new technologies generate more revenues with fewer costs.
Foreign sales from Brazil to the region declined by 4.3% year-on-year in March. Overall, exports from the sector dropped due to lower product prices.
Arab countries imported from Brazil the amount of US$ 246.3 million in Q1, an increase of 2.22% over the same period of last year.
Brazil’s National Supply Company (Conab, in the Portuguese acronym) expects 200.7 million tons of grain to be harvested in 2014/2015, up 1.1% from last month’s forecast.
