Brazilian purchases of the product reached 22.4 million tons from January to November. Arab countries increased their share as suppliers.
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A survey from the Brazilian Institute of Geography and Statistics (IBGE) shows that agricultural output reached 188 million tonnes last year, or US$ 86 billion.
The state of São Paulo was Brazil’s leading exporter of agribusiness products in November, according to information from the Ministry of Agriculture, Livestock and Supply.
Industry association forecasts foreign sales should fetch US$ 8 billion in 2015, as against US$ 7.3 billion in 2014. There is optimism regarding the perspective of Saudi Arabia resuming its purchases.
The data from the Brazilian Institute of Geography and Statistics points to an increase over 2013, with expectation of harvesting at 194.5 million tons of cereals, legumes and oilseeds.
Estimation comes from the Brazilian Association of Animal Protein, which also foresees improvement on sales to the Middle East and increase in Brazilian production.
Foreign sales of the product grossed US$ 594.5 million in November, at 3 million bags shipped. Sales to Arab countries have declined.
In the year’s cumulative period from January to November, shipping is down 5.8% in comparison to the same period of last year. United Arab Emirates have purchased more than in 2013.
The Brazilian food conglomerate bought Paraná state’s Big Frango and Australia’s Primo Smallgoods. According to chairman Wesley Batista, the Primo deal will heighten the company’s exposure to value-added products.
A normative instruction has been published on the Brazilian Official Gazette lifting two taxes on purchases of raw material for manufacturing the fuel.
According to the Brazilian minister of Agriculture, a delegation from the Arab country is visiting Brazil next week and exports should be resumed by the second half of December.
Brazil’s Geography and Statistics Institute estimates a 198.3 million-tonne cereal, oilseed and legume harvest next year. The National Supply Company expects a 194.39 million to 199.97 million-tonne yield in 2014/2015.
A Brazilian mission headed by Agriculture minister Neri Geller has travelled to the Arab country and discussed a technical visit to Brazil, one of the final steps before Saudi Arabia returns to importing cattle meat.
The AKS Saeed Saudi Arabia group will build a sugar processing unit in the Arab country and expects one tonne of the product to be supplied from Brazil.
