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.
Browsing: Agribusiness
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.
The CEO of the Arab country’s Agency for Agricultural Investment Promotion, Abderrahmane Chafii, highlights fiscal incentives to projects, interest in technical cooperation and opportunities in trade.
The state was the main exporter of Brazilian agribusiness in January. Paraná, Mato Grosso, Minas Gerais and Rio Grande do Sul also are among the main export suppliers.
The Institute’s first estimation of the year calculates that crops of cereals, leguminous and oleaginous plants will reach 201.3 million tons this year.
Foreign sales of agricultural products grossed US$ 5.87 billion in January. A decline in prices of the main products sold has weighed down on revenues.
Overall exports of the product from Brazil were up 6.8%, but the volume sold to the Arab world has declined. Revenues have increased nonetheless.
The sales of the Brazilian product stood at US$ 426 million, a drop of 23% over the same month last year. For Egypt, however, shipments increased 30%, with revenues of US$ 72 million.
