Last November, the ton of beef from Brazil was sold for 21.6% more than a year ago. Specialists explain how sales to the Chinese may impact other markets, such as the Arabs.
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The United Arab Emirates was one of the drivers of Brazilian foreign sales of beef year-to-date through October.
Mato Grosso climbed from the Brazil’s sixth to third’s largest suppliers to the Arab countries. Corn, soy and beef exports were up.
Brazil’s Agriculture minister Tereza Cristina agreed on inspection by Saudi authorities that may lead to a resumption of sales from units that have been off the list since January. She also went over the last details before Brazilian beef sales to Kuwait begin anew.
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.
Egypt increased imports by 17.5% year-to-date, while the UAE acquired almost four times more, Abrafrigo reported.
Exports from Brazil to the region grossed USD 642 million in June, up 26% year-on-year.
The first half of the year saw 51,000 tons of product shipped. Sales to Arab countries as a whole also climbed.
Foreign sales from Brazil were up 35% last month and 18% year-to-date. Egypt and the UAE were some of the top buyers.
External purchases reached USD 2.82 billion year through April, a 11% year-on -year decline.
Brazil produced 908 million dozen eggs, 3% down from the last quarter of 2018. Exports to Arabs grew.
Throughout the month of Ramadan, Muslims fast during daytime, but evening feasts and donations will drive up food sales, with a major impact on the trade calendar in Arab countries.
Goods removed from duty list include beef and other food products.
Expectation of businesses generated during Gulfood for the next months is up to USD 920 million, according to ABIEC and ABPA.
