Region went from a 10.6% share of exports of the Brazilian company in the second quarter of 2023 to 15.7% in the same period this year. A highlight at the earnings release was a net profit of USD 329 million.
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The Egyptian government permitted Brazilians to export bone-in beef to the country, said the Ministry of Foreign Affairs of Brazil.
Brazil will harvest 21.2 million tonnes less in 2023-24 compared to the previous crop cycle particularly due to losses caused by climate problems. Corn and soybean are the most impacted.
The Arab country ranked fifth among the destinations of beef from Brazil from January to July 2023 and rose to third place this year, increasing its purchases by 212%.
Inflation is declining, while the country cuts subsidies in a bid to battle a budget deficit.
The Middle East country stepped up its purchases of the Brazilian product by 118.6% in July, while two other Arab destinations, Saudi Arabia and the UAE decreased their imports. Despite the Newcastle disease case detected in southernmost state Rio Grande do Sul, overall exports climbed last month.
The United Arab Emirates is one of the destinations where the Brazilian Dental Council plans on taking Brazilian professionals via its internationalization project. Chairman sees room for catering to the foreign community living in the Arab country.
The mining giant sold half of its distribution operation in the Arab country, the VODC, to a company from the United States for USD 600 million.
Brazilian oncology chain announced a joint venture with a subsidiary of the Saudi Al Faisaliah Group to implement an oncology facility in Riyadh. Potential revenue at year five of the joint venture is estimated at USD 550 million.
A Jordanian delegation is having appointments in the state of São Paulo to learn about the Brazilian defense industry and discuss trade cooperation and exchange. A group visited the Arab-Brazilian Chamber.
Amaro, named after a man who played a Moorish character in the town, is a shanklish, an Arab cheese launched by Lano-Alto. The dairy production of the farm in São Paulo state is guided by a just, ethical management of both pastures and animals, including regenerative agriculture models and micro-cultures.
The top destination in Africa of Brazilian agribusiness goods in the first half of the year, Egypt has dramatically stepped up its purchases of sugar and soybean from the Latin American giant. On the other hand, Egypt supplies a significant volume of fruits to Brazil.
IBSA Fund, which brings together India, Brazil, and South Africa, works in cooperation with the United Nations Office for South-South Cooperation in microfunding program.
Brazil-based non-lethal arm manufacturer owned by a group from the United Arab Emirates signed a USD 10 million deal.
