The sector’s Gross Domestic Product in Brazil should amount to US$ 430 billion, as per estimates from the Ministry of Agriculture.
Browsing: Agribusiness
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.
A mission from Egypt is visiting slaughterhouses in Brazil until February 13. The aim is to renew exports certifications.
Study launched by the Food and Agriculture Organization shows that access to farm machinery is difficult due to the small size of properties in North Africa. Egypt is the country with most tractors in the region.
Grupo Fuga, company from the city of Marau, in the south of Brazil, produces leather and beef, among other products. They have made sporadic shipments to Egypt, but the company believes the region has great business potential.
Test used aviation kerosene and fuel made with dry algae for 45 minutes on a 777 Boeing flight between Abu Dhabi and Al Ain.
Last year Brazil exported only 1.1 million tons and this year the volume is expected to drop even further. The country’s production is lower than the demand, but Brazil exports varieties of the product without much domestic consumption.
Volume exported to the region increased by 3.7% in 2013, year in which shipments in general dropped. Saudi Arabia is still Brazil’s greatest buyer.
According to a study by the Brazilian Coffee Exporters’ Council, volume shipped to the countries in the Middle East and North Africa increased by 36% in 2013.
Foreign sales in the sector registered an increase of US$ 4.16 billion last year in relation to 2012. The soy complex represented the greatest part of the revenue and China was responsible for the increase achieved.
