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.
Browsing: Agribusiness
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%.
According to the Brazilian Institute of Geography and Statistics, cereals, pulses and oilseeds will increase to 193.2 million tonnes in 2014. The National Supply Company estimates the same rate for grains.
The World Bank will allocate the sum to Brazil’s ABC Savannah project, designed to spread sustainable practices in reducing greenhouse gas emissions.
The company has launched a product with 6-tonne capacity featuring a solar-powered aeration system. The goal is to supply Sub-Saharan Africa, where properties average at 5 hectares and farm maize.
Over 114,000 tonnes were shipped from Brazil to the Middle East and North Africa in H1. Industry association Abiec’s chairman calls on Saudi Arabia to provide instructions so embargo may be lifted.
Brazil shipped 734,606 bags to the region in the first semester. Revenue, however, fell by 10% in the same period and stood at US$ 97 million.
Index measured by FAO declined in June for the third month in a row. Cereals, vegetable oils and dairy products are cheaper.
Decline was seen in June from May and was driven by price fall of agricultural goods.
Increase could be seen in Q1 from Q1. Brazil has produced a total of 6.2 billion litres of milk, according to the IBGE.
