Agribusiness products were the top exports from Brazil to the bloc, which reached USD 11.47 billion, down 6.3%. Decline was lower than in other Brazil’s foreign partnerships, though.
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Egypt, Saudi Arabia and UAE, the top Arab beef buyers, decreased their imports. Overall, though, Brazil exports hit a record high, reaching over 2 million tonnes in 2020.
ABIEC forecasts that shipments will end the year at 2.02 million tonnes, fetching over USD8 billion for the first time. Top destinations include Egypt, Saudi Arabia and the UAE.
Brazilians farmers are increasingly focusing on the selection processes of bulls and cows to generate the best calf, with higher productivity and softer meat.
Year to date through November, Brazil exported 1.8 million tonnes. China stepped up its purchases, while the second biggest importer Egypt stepped them down.
Foreign sales from Brazil increased in the first ten months of the year, driven by China, as well as Saudi Arabia and the United States.
Shipped volume climbed 2% in September, even though export revenues decreased. China remains the leading importer year-to-date, with Egypt in second.
The Brazilian Agricultural Research Corporation (Embrapa) and meat packer Marfrig devised a protocol to offset methane emissions by raising cattle among trees. Marfrig is the only company carrying the label so far.
Exports from the Brazilian food company’s domestic units accounted for 72% of gross revenue in Q2 2020. Asia’s share in total sales leaped from 25% to 50%, while the Middle East’s slid from 27% to 9%.
State-run news outlet BNA said procurement processes are in place for services and goods including poultry and beef, airport maintenance, and oil drilling and extraction.
The administration convened this week to outline actions intended to keep exchange rate fluctuations in check and protect purchasing power.
Brazilian sector stood out amid the economic rebound and during the COVID-19 crisis. Valued exchange and export capacity make Brazilian agribusiness companies more attractive for foreign investors.
Foreign sales were down 9.5% for revenue and 8% for shipped volume. Some Arab countries stepped up imports, including Saudi Arabia, Algeria and Libya.
Arab country has opened up for cattle, sheep and goat meat. Negotiations were underway about the requirements of the International Sanitary Certificate for exporting products and whether Kuwait would accept the list of establishments laid down in the Federal Inspection Service.
