The country was expecting to surpass the United States in soy harvest volume, but weather issues caused the output to fall short from the target, and the Brazilian crop remains the second largest in the world.
Browsing: Agribusiness
The market’s share in total foreign sales from Brazil went from 4% in the first two months of 2013 to 5% in the same period this year. Sales to the region were up 46%.
Nearly 300,000 tonnes were exported from Brazil in January, up 3.2%. Export revenues stood at US$ 566 million, down 4.4%. The United Arab Emirates are the leading importer of eggs.’
Brazil shipped a higher volume in January to some of the region’s markets, such as Egypt, the United Arab Emirates and Algeria.
The Brazilian Development Bank and the Studies and Projects Funding Body will provide US$ 618 million to innovative business plans for the industry. The goal is to boost productivity.
The current crop should yield 90 million tonnes, exceeding the United States’ 89.4 million-tonne output.
Exporter associations and the government want to break into new markets and increase the current shipped volume by 17.7%.
Foreign sales from Brazil grossed US$ 5.87 billion in January. The decline was mostly due to maize and sugar/ethanol.
The sector’s Gross Domestic Product in Brazil should amount to US$ 430 billion, as per estimates from the Ministry of Agriculture.
Brazil’s Conab has revised down by 3.1 million tonnes the grain harvest estimate for 2013-2014. Still, the output will be an all-time high.
Brazil shipped 2.7 million bags abroad in January, up 6% from January 2013. Revenues, however, were down 27%.
International prices have dropped for the first time in three months. The sole exception is dairy, whose costs have gone up due to strong demand in the Middle East, North Africa, China and Russia.
Revenues from foreign sales stood at US$ 567 million in January in Brazil, down 4%. Due to the dollar hike, revenues in reals were up 12% to R$ 1.35 billion.
The Moroccan agricultural sector generates US$ 11.56 billion, aim is to reach US$ 17 billion by 2020. The government is going to lease 600,000 hectares to local and foreign investors.
