The Gross Production Value growth expectation for agriculture and livestock this year has been revised down from 2.1% to 2%.
Browsing: Agribusiness
Brazilian meat packing company bets on the expansion of emerging markets and is preparing to export to the Arab country. The share of North Africa and Middle East in the company’s sales increased in quarter two.
Agriculture and livestock sales to the region increased by 2.7% year-on-year in August. The industry’s total exports saw a 12.5% decline.
Agriculture and livestock sales to the region are up 2.7% August-on-August. The sector exports as a whole dropped by 12.5% in the same period.
From January through August, Brazil exported 23.62 million 60-kilogram bags of the product. Revenues were up 14.6% to US$ 4 billion. Sales to Arab countries were up 7%.
Brazil purchased 2.7 million tonnes from countries in the region from January through July this year, up 19.8% from the same period last year. Morocco was the leading supplier. Brazil’s global fertilizer imports were up 12.8%.
A project with Algerian investment in Brazil and another with Brazilian investment in Sudan have been presented at the Brazil-Africa Forum this Friday in Fortaleza, Ceará.
The decision was announced after a meeting between the Agriculture ministers of Brazil, Neri Geller, and of the Arab country, Adel El-Betagy. Egypt’s minister of Commerce denounced anti-dumping on glass.
Brazil’s Agriculture minister Neri Geller is optimistic about the prospects of Egypt resuming importing beef from Mato Grosso state. He met with Egyptian president El-Sisi and believes trade will soar.
Agriculture minister Neri Gueller is leading a delegation of the beef and poultry sectors to try to resume exports from the state of Mato Grosso and expand markets. The group will visit the Arab country and also Iran.
Volume and revenue increased in the period due to the increase in poultry exports to large consumer markets, such as Saudi Arabia. Revenue is the highest ever for the month.
The new Gross Agriculture and Livestock Production Value estimate for 2014 has been revised down by 1.18% to US$ 193.6 billion.
Brazilian agribusiness exports grossed US$ 9.61 billion in July. Year-to-date, exports are down 0.3%.
The country shipped 820,000 bags of the product to the region year-to-date through July, up 7% from the same period last year. Revenues, on the other hand, were down 13%.
