Saudi Arabia has opened its market for Brazilian cotton, including raw cotton, cottonseed, and cotton waste. Brazil has become the largest exporter of cotton in the world this year.
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The 24% growth will be driven by soybeans, maize and cotton, Brazil’s Agriculture Ministry reported.
From Egypt opening its market for Brazilian exports to the possibility of Egyptians selling to Brazil. The Brazilian agricultural attaché in Cairo, Cesar Teles, who is concluding his mission, and the new executive in the position, Rafael Mohana, told ANBA how trade has evolved and the prospects for the future.
Brazilian farmers want to cater to 20% of the Egyptian demand for imported cotton within two years. Agreement announced in January cleared exports.
Fifteen-year-old organization Justa Trama of Brazil saw a threefold increase in sales amid the coronavirus pandemic. Its founder Nelsa Nespolo said the moment prompted people to seek conscious consumption.
Despite the global crisis caused by the COVID-19 pandemic, the sector stepped up imports on April. Brazil’s demand for fertilizers is expected to grow by 1.5% to 3% in 2020.
IBGE forecasts a harvest of 246.7 million tonnes in 2020, up 2.2% from a year ago.
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.
National Supply Company estimates 2019-2020 grain output to reach 246.4 million tons, up 18% from the previous crop.
Sales of the product stood at 51,000 tonnes in the third quarter of 2018-19 farming season through May.
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.
The National Supply Company sees output potentially reaching 95 million tons in the 2018/2019 season.
The Brazilian Institute of Geography and Statistics (IBGE) expects a 3.1% bigger harvest in 2019, while the National Supply Company (Conab) sees volume going up 4.2% in the 2018/2019 crop-year.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 231-million-ton harvest next year, up 1.7% from this year.
