Association Abraciclo has revised up its 2018 estimate on the back of good results seen from January to November.
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In line with the upward trend of the past few years, foreign sales are expected to reach 1.62 million tons in 2018 – the biggest volume ever shipped from Brazil. Revenues are seen climbing 7.4% to over USD 6.5 billion.
The products were brought to expo SIAL Middle East by Brazilian companies AE Negócios Internacionais and ABN8 Trading and made it to the finals for an accolade for innovation.
The desert climate is no impediment to food production in Arab Gulf countries. Despite being major importers, they do produce legumes, vegetables, meats, dairies, milk and lots of dates. The items can be seen at SIAL Middle East.
Last month saw 3.68 million bags shipped from Brazil. Revenues slid by 1% to USD 485 million. Year-to-date, the volume shipped to Arab countries was up 15%.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 231-million-ton harvest next year, up 1.7% from this year.
Trading company ALM Brazil’s CEO Marlucia Martire will supply a shipping container’s worth of pepper per month for a year to an importer in the UAE. She’s also sold nuts and coffee at the expo.
The Arab country’s deputy prime minister Mansour Bin Zayed Al Nahyan was welcomed by Brazilian ambassador Fernando Igreja at the Brazilian stand in Abu Dhabi’s SIAL Middle East and said there’s an interest in partnerships with the agricultural private sector in Brazil.
The surplus came as a result of USD 5.6 billion in exports and USD 3.6 billion in imports.
A poll of Brazilian financial institutions showed that the National Extended Consumer Price Index is expected to end the year at 3.71%.
Fourteen companies from Brazil are exhibiting at the show, which launched this Monday (10) in Abu Dhabi. A wide range of goods are on offer, including açaí, buriti pulp, tapioca and beans.
The country has a USD 160 million loan agreement in place with the International Monetary Fund to support a reforms program.
The Extended National Consumer Price Index (IPCA) slid by 0.21% as it dropped to its lowest for the month since 1994. Transportation and Housing saw the sharpest drops in prices.
Agricultural engineer Nilson César Castanheira Guimarães will take his post at the Embassy of Brazil in Rabat at the end of this month. Plans include boosting trade and cooperation. He will also cover Tunisia and Nigeria.
