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.
Browsing: Agribusiness
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.
Brazilian exports to the countries of the region went up 4.7% in March over the same period of 2014. To Saudi Arabia, the amount increased 20%.
Over 3 million bags were shipped from Brazil, an all-time high for the month. Revenues reached US$ 552 million, up 24%.
The volume shipped went up 7% over the same month of last year, according to data released by ABPA. In Q1, there’s still a little decline in sales.
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.
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.
