Morocco’s phosphate company OCP and Brazil’s Fertilizantes Heringer have announced that the former is acquiring a 9.5% to 10.5% stake in the latter.
Browsing: Agribusiness
The current Brazilian crop should produce 193.6 million tonnes, according to a National Supply Company survey. The volume is higher than last month’s forecast and up 2.6% from the previous harvest.
The volume shipped from Brazil to Arab countries increased to 655,000 60-kilogram bags from January through May. Revenues, however, were down 7.7%.
International index calculated by the FAO was below the ones seen in April and March. Dairy products, oils and cereals have also declined. Sugar, however, has risen.
Brazilian Usibras will open a plant in the beginning of the year, which will export to several regions in the world, including the Middle East.
Ex-chairman and researcher of Embrapa, Silvio Crestana, works to create institute to gather researches into water resources for agriculture and livestock from both countries.
An Iraqi delegation will travel to Brazil in early June to convene with Agriculture Ministry officials and industry executives and give final approval stamp for purchases to begin anew.
The budget for the 2014/2015 Family Farming Crop Plan is up 15% from the prior cycle. Interest rates range from 0.5% to 3.5% per annum.
Seven states in the Brazilian Northeast and the northern portion of the state of Pará will be recognized as foot-and-mouth disease-free zones with vaccination.
Brazil’s 2014/2015 Crop Plan will make the amount available for investment, funding and sales. The sum is up 14.7% from the prior season.
Company claims that ‘reorganization’ of the region after change of governments increased sales. Brazilian company manufactures grain storage systems.
Conflict and drought are causing a considerable decline in cereals output, and further deterioration of the food insecurity scenario. The wheat harvest is 52% below average.
The Brazilian National Supply Company forecasts Brazilian production to yield 44.57 million bags. The volume will be smaller than in the previous cycles due to climatic factors.
Estimate of the Ministry of Agriculture for the rural revenue is US$ 203 bn billion this year. Calculation is based on statistics from April.
