Revenues from foreign sales declined 17% last month and year-to-date. Economist believes in a rebound by next year.
Browsing: Agribusiness
The 2014/2015 crop was larger than the preceding one, the National Supply Company reported. This time, 209.5 million tons were harvested, a 15.9 million-ton increase. Higher maize output was a factor.
Brazil sold US$ 134.5 million worth of product to the Arab world from January to August this year, a 4.67% increase from a year ago.
The increase occurred in volume in the first eight months of the year over the same 2014 period, according sector’s association. In August there was also an increase in shipments. Dollar revenues dropped in both periods.
Revenues topped US$ 900 million in July, an increase of 2% over the same month of 2014. Egypt was the highlight and stood at fifth place among Brazil’s largest markets.
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.
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.
