Impact of the crisis generated by the pandemic is expected to make the Brazilian economy remain stable in 2020, but agribusiness will grow by 2.9% as per estimates of the Central Bank.
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Brazil shipped 37.4 million bags year-to-date through November. Arab countries imported 12% more.
Last month saw USD 8.21 million worth of product shipped from Brazil last month. Meats led the way, with sales also increasing for maize, cotton, and orange juice.
Brazilian Confederation of Agriculture and Livestock projects a hike in revenue next year.
The Arab Chamber and Embassy of Brazil in Cairo will organize a pavilion and companies may subscribe to participate. This is one of the Africa’s largest food trade show and runs from December 9 to 11.
Brazil’s Agriculture, Livestock and Supply minister Tereza Cristina discussed opportunities for Arabs to invest in the sector in Brazil, during a lecture this Monday (26) at the Arab Brazilian Chamber of Commerce.
Arab Brazilian Chamber will have a pavilion at the world’s largest food trade fair to run in Cologne, Germany, from October 5 to 9. It’ll have room for five exhibitors.
Sales from Brazil to the region fetched USD 892 million in July. Saudi Arabia, Egypt, and the United Arab Emirates are some of the leading buyers.
The Center for Advanced Studies on Applied Economics (Cepea-USP) reported that despite a hike in foreign sales volume, lower prices led to a 2.7% drop in revenues.
Exports from Brazil to the region grossed USD 642 million in June, up 26% year-on-year.
