The Saudi delegation that visited Brazilian facilities this month convened with the Ministry of Agriculture and praised the local sanitation program. A report will be submitted to the Saudi king to end the ban.
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Estimation for the 2014/2015 harvest added up 2.3 million tons of grains and now totals 204.5 million tons.
Data from exporters’ council indicates that Brazil grossed US$ 87.3 million with coffee exports to the Arab world from January to May of this year, an increase of 2.5%, but the volume shipped dropped.
FAO’s index, which surveys the cost of five groups of commodities, registered in May a decline of 20.7% in comparison to the same 2014 period.
Foreign sales of chicken meat from Brazil amounted to 329,200 tons in May this year. Revenues increased in Brazilian currency and declined in US dollars.
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.
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.
