Increased demand for food and fertilizers, along with changes in Chinese agricultural policy, influence the sector’s performance.
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On the other hand, ABPA figures show that chicken sales to UAE, Saudi Arabia, Iraq, and other Arab countries expanded.
Three protocols of intent were signed during a trip of Brazilian vice president Geraldo Alckmin to Saudi Arabia. Delegation features ministers, high-ranking officials, and business representatives.
Brazilian industry group CNI worked together with industry associations to identify 85 restrictions from other countries that hinder Brazilian exports.
The commodity’s prices have declined due to a lower demand from China. Brazil’s trade balance could be impacted, and Arabs could import more.
Arab Brazilian Chamber of Commerce secretary-general & CEO Tamer Mansour is part of the group accompanying the Brazilian federal government delegation on a trip to China headed by the minister of Agriculture. President Lula canceled his participation due to health issues. The schedule in the UAE was withdrawn.
Beef imports from Brazil to China had been suspended since February after an isolated and atypical case of BSE (mad cow disease). Minister Carlos Fávaro, who is in Beijing, announced the embargo lift.
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.
The conference ended this Monday (19) in Canada with a deal signed between 190 states. The text includes important targets for halting biodiversity loss worldwide and resolutions concerning funding and monitoring.
Foreign sales from Brazil went up in volume and revenue in February from January. Industry association Abicalçados expects year-on-year sales to start going up by May.
The commodity’s prices started increasing in 2020 and are expected to stay high this year. Increased demand from China and Vale’s reduced output are some of the reasons.
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 of agriculture and livestock products from Brazil fetched USD 10 billion last month, fueled by sales of soy to China.
Overall Brazilian poultry exports were up 15%. The Arabs, though, imported 3.5% less year-on-year.
