Beef, poultry, wheat, maize, and medicines are some of the products excluded from the decision of the Central Bank of Egypt to accept only letters of credit on imports.
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Plant-based products can be seen in most booths at Gulfood 2022, signaling a consumer trend, along with healthier foods and sustainable packaging.
Executives from the Arab Brazilian Chamber of Commerce and the Egyptian Food Export Council met during Gulfood in Dubai and discussed initiatives to increase food trade between Brazil and Egypt.
In addition to expanding to new markets, companies have sought to establish points of sale or plants in the Arab countries. Examples of this are BRF and Tropicool, brands participating with the Arab Brazilian Chamber in Gulfood 2022.
Combined electrical power generated from wind and solar sources is already the second most used in the Brazilian market, behind only hydraulic. The use of clean energy sources has been growing in the country.
Egyptian banks were instructed to only accept letters of credit for import operations from early March. Entrepreneurs from the sector plead for a reversal of the measure.
This year’s edition has companies from different sectors, including pet food. For many Brazilians exhibiting at the show, target markets are in Africa.
The oil company posted several record numbers last year, including pre-salt production. The company has also increased its gasoline, diesel and jet kerosene sales.
The company executive says it will participate in the APAS show to learn about the needs of the Brazilian market for spices, seasonings, and plant-based beverages.
In a webinar held by the Arab Brazilian Chamber on Tuesday (8), New Development Bank president Marcos Troyjo presented trends in the foreign market that should be taken into account by countries and businesspeople.
Foreign automobile sales increased 6.6% in the first month of the year compared to January 2021.
This is the fourth consecutive raise in a year for all types of gasoline. The price of diesel was maintained.
The Arab Brazilian Chamber will host an online event next Tuesday (8) to provide business people with an overview of the foreign scenario. The entity will also present its schedule of activities for the year.
According to the Food Export Council, revenue reached USD 4.1 billion last year. The main products exported were rice, grains, onions, garlic, potatoes, vegetables, fruits, citrus, and peanuts.
