Egypt, Algeria and the UAE, which are among the top 10 importers of bovine meat from Brazil, increased their purchases from January to June. Egypt was the fourth leading buyer.
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Brazilian crops will gross US$ 93.2 billion in 2015 and livestock will gross US$ 53.1 billion, says the Ministry of Agriculture. The former is expected to decline and the latter to increase.
The head of the office, ambassador Débora Barenboim-Salej visited the Arab Chamber and said that she plans to intensify the contacts with business organizations to reinforce participation in the area.
Watch in this episode: Businessmen from Tunisia and Morocco show their products at the Arab Brazilian Chamber booth at APAS, the São Paulo Supermarket Association fair.
After entering the month on a surplus, Brazil saw imports outpace exports again last week. Foreign sales declined for finished, semi-finished and basic goods.
Decline estimation for 2015 was made by a sector’s institution. In the first semester, however, there was an increase of 2% in comparison to the same period of 2014.
The financial market raised its estimation of price increase from 9.04% to 9.12% this year. The raise occurred for the 13th straight time. But for 2016, there were two estimations that pointed to a decline.
Container traffic reached 1.55 million TEUs in the first half of this year, up 4% from H1 2014. The amount of automobiles and oil products handled also increased.
Sales of Brazilian products to the region grossed in excess of US$ 1.1 billion in June, the highest monthly revenue to date in 2015. In the first half of the year as a whole, however, export revenues declined.
Projections from Brazil’s Ministry of Agriculture and research corporation Embrapa show grain production in Brazil will go from 200 million to 260 million tons in ten years. Meats production should also grow.
As per FAO projections, in case new policies are not implemented, there will be 653 million hungry people in the world by 2030. In the Middle East and North Africa, the number should drop from 36 million to 29 million.
A report from Unctad advises that the sector’s potential be better explored in order to fuel jobs creation and growth in the continent.
A modernized version of the document, valid for ten years, was released this Friday (1st) by minister of Justice José Eduardo Cardozo. Security features have been improved.
The continent’s development bank will send resources to the support program on the economic competitiveness of the Arab country.
