The acquirer is Norway’s Yara, which already operates in Brazil and invested US$ 750 million in the deal. Bunge will still distribute agricultural inputs.
Browsing: Agribusiness
The Brazilian Agrogen has a plant dedicated to production of chicken for sale in eight Arab nations. The region answers to 75% of export revenues and the perspective is for growth.
According to the UN agency, this is the best way to reduce poverty, fight hunger and promote development.
The 2012 foreign sales estimate has been released by the Brazilian Coffee Exporters Council’s CEO Guilherme Braga. Revenues are also bearish.
Forecasts by the UN Economic Commission for Africa show that the content should reduce purchases in 2012 and 2013 due to the buying power. Imports in 2011 totalled 43 million tonnes.
Brazilian sector exports to the region exceeded US$ 1 billion in October, highlighting Saudi Arabia and United Arab Emirates.
A national policy launched this Tuesday (13th) is expected to increase the amount of lands equipped with irrigation. At present, crops of this type cover 5.5 million hectares in the country.
The institution has created a mechanism to support job-creating projects in the country’s rural areas. Total investment will amount to US$ 1.4 million.
A fleet drove for 100,000 kilometres to evaluate the effects of the mix on the engines. At this time, the diesel oil sold in Brazil contains 5% of biofuel.
Brazil shipped the equivalent of US$ 717 million, up 1.4% from the same month last year.
The FAO index was down 1% from September to October, and down 8% year-to-date from the same period in 2011.
Brazil shipped 2.87 million bags of the product in October, down 9.5% from the same month last year.
Brazilian sugar and ethanol giant acquires controlling stake in one of the USA’s major biofuels trading companies. The Brazil-based company’s goal is to internationalize its ethanol business.
This Friday (26th), Apex-Brazil approved a project to promote sector cooperatives and companies overseas. Of the target countries, five are Arab.
