The Egyptian government will offer an incentive to local farmers selling wheat to the Ministry of Supply and Internal Trade.
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In an online event on Thursday (20), Cleber Soares of Brazil’s Agriculture Ministry presented an innovation agenda that is being developed to take the Brazilian agribusiness to new levels of innovation. He said the country can transfer knowledge to African countries such as Sudan.
The country has suspended customs duties on lentils, chickpeas, beans, and dry beans.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
The country produced 241.5 million tonnes of cereal last year, up 6.6% from 2018. In 2020, the crop is expected to reach a new historic level.
The Brazilian pulses company joined the stand organized by the Arab Brazilian Chamber at the trade show in Germany and found new clients in Arab countries. The show yielded good results.
Arab country purchased USD 2.8 million Brazilian beans year-to-date through July. According to industry’s institution president, Egypt has a large consumption of the product and is a re-exporter.
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.
Products on offer from exhibitors in the Arab Chamber pavilion include fresh dates from Tunisia and canned beans from Lebanon. The São Paulo Supermarkets Association expo opened on Monday and will run until Thursday.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 231-million-ton harvest next year, up 1.7% from this year.
Brazil’s National Supply Company (Conab) estimates that 238.5 million tons of grains will be harvested in the 2018/2019 season.
According to the Brazilian Institute of Geography and Statistics (IBGE), Brazil produced 238.4 million tons of cereals, legumes and oil seeds, a 28% hike over the previous year.
The Brazilian Institute of Geography and Statistics (IBGE) sees 225.8 million tons being harvested in the country this year, down 0.4% from July’s estimate and 6.2% from 2017 crop numbers.
Industry players will convene next August in Paraná for the Brazilian Forum of Dry Bean, Pulses and Special Crops. The event will also be joined by the Global Pulses Confederation (GPC), which is based in Dubai.
