In meetings in Saudi Arabia, Brazil’s Agriculture minister Carlos Fávaro saw a local willingness to take part in the program that plans on doubling Brazil’s food output without deforestation. Businesspeople participating in the delegation had parallel meetings supported by the Arab Brazilian Chamber and ApexBrasil.
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Brazil’s GDP grew over the previous quarter in the first three months of this year, driven by increased soybean production.
Agricultural show has become multisectoral and is taking representatives of various embassies and international chambers of commerce, including the Arab Brazilian Chamber.
For the first time with a country pavilion at the International Exhibition of Agriculture in Morocco, Brazilian companies stood out with products such as açaí and pepper. Machinery and fertilizers were also showcased.
A consultant assessed the impacts on the market. According to ANDA data, the decrease also affected the volume of purchases in Brazil.
‘Innovative solutions for agribusiness, such as irrigation and seed improvement, are likely to interest Arabs,’ explained an Arab Brazilian Chamber analyst at Show Rural Coopavel 2023.
Sold for higher prices, agricultural commodities accounted for 71% of the trade with the Arab countries in 2022. Sugar, poultry and iron ore were the leading items sold to the bloc.
The country has invested in planting the crop conjoined with soybean. With estimates for a record harvest, specialists believe Brazilian producers will keep the buyers won over the last two years.
Egypt has announced the disbursement of USD 5 billion loans to industry and agriculture at an interest rate of 11%, down from 18%, with the state bearing the difference.
The announcement was made by the director of the Public Authority for Agriculture Affairs and Fish Resources of the Arab country to the official Kuwaiti news agency.
The country expects to produce 125,000 tonnes of the product in 2022, up 8.69% from last year. The estimate was released by SANA, the country’s official news agency.
National US-Arab Chamber of Commerce president David Hamod and Algeria’s Industry Ministry secretary-general Belabrik Salah Eddine met during a special session in the Economic Forum Brazil & Arab Countries.
The 2022/2023 Brazilian agribusiness financing plan (Plano Safra) will make BRL 340.8 billion (about USD 65 billion) available to agribusiness. The amount is 36% higher compared to the previous year’s credit.
The director-general of the Lebanese Ministry of Agriculture, Louis Lahoud, is on an official trip to São Paulo and visited the Arab Brazilian Chamber headquarters alongside the consul general of Lebanon to São Paulo, Rudy El Azzi. The Arab country could increase fertilizer exports to Brazil.
