The new Gross Agriculture and Livestock Production Value estimate for 2014 has been revised down by 1.18% to US$ 193.6 billion.
Browsing: Agribusiness
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.
Exports of the product were up 35% year-to-date through May this year from the same period in 2013. Markets to which sales increased include Saudi Arabia.
Prospect of Gross Production Value this year is US$ 199.8 billion. Forecast is 0.3% lower than the one posted in May by the Ministry of Agriculture.
The Arab country no longer requires additional proof of avian flu vaccination for fowl bred in Brazil. To the vice president of the Brazilian Animal Protein Association, the decision shows trust in Brazil’s production.
