The commodities index calculated by the Food and Agriculture Organization of the United Nations continues to register decline in food prices due to availability and appreciated dollar.
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According to statement from minister of Agriculture Kátia Abreu, the hike of interest rates within Plano Safra (Crop Plan) won’t make agricultural production unfeasible.
The 30th edition of the event will be held on 19th through 22th in Ribeirão Preto, and will have competitions and auction.
Sales to Saudi Arabia went up 11.8% last month. The United Arab Emirates bought 20.7% more than the same period of 2014.
The sector grossed US$ 4.9 billion from foreign sales last year. The Brazilian Ministry of Agriculture ascribes the performance to dropping commodities prices and slower soybean sales.
Harvest forecast has been reduced in the sixth survey of the 2014/2015 cycle due to scarce rainfall. The Brazilian Institute of Geography and Statistics (IBGE) has also revised down its projections.
Exports to the region declined 19% in volume in the first two months, despite having grown in revenues. Data from CeCafé indicates that decreased sales came from countries facing conflicts.
Sales fetched US$ 52 million in February and the Arab country was the fourth leading destination for the product. Total exports, however, were down 30% year-on-year in February.
In February, the organization’s food price index registered lowest prices of the last 55 months. The cost of cereals, sugar and meat offset appreciation of milk and oils.
The meat packing company grossed US$ 4.8 billion on foreign markets last year. The Middle East lost share as a destination and Africa remained level.
Imports had been embargoed following the confirmation of an atypical case of mad cow disease in Brazil. The country will import frozen and canned beef.
The cost increased from 2002 to 2013, as per a survey from the Brazilian Ministry of Agriculture, conducted with a researcher from the University of Brasília.
Sales in the region increased by 4.5% in volume and 11% in revenues, to US$ 1.6 billion. Last year, the Brazilian food company posted a total net income of US$ 763.7 million.
Authorities from North African countries and Brazilian government officials and executives discussed agricultural cooperation opportunities at a seminar in São Paulo.
