International shipping logistics company exhibits in the Arab-Brazilian Chamber stand at the APAS Show 2024. O Primo has gained ground in air exports.
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Company has expanded its production of dry and wet pet food to cater to both the domestic and international market, the latter accounting for 10% of its business. Exports reach Arab countries.
Middle East and Japan are the leading target markets of the poultry and egg producer. The halal-certified company will participate in September’s Gulfood Green in Dubai.
Mission from Brazilian government was in Morocco to participate in agricultural exhibition SIAM and to hold meetings with officials. Brazil promised to open market to Moroccan mandarins and is negotiating tariff rate quotas to export beef and poultry, which face high rates to enter the Arab country.
Average price of the tonne of beef shipped from Brazil in March was 4.5% lower than a year ago. Beef industry group Abrafrigo reported that the United Arab Emirates was the third leading destination of the product.
Brazil doubled sugar sales to the Arab market in Q1 and stepped up iron ore exports by 43%, driving up the revenue. Imports of Arab products declined.
Overall exports from the country saw a growth rate of 1.2% in January compared to a year ago, the Department of Statistics said.
Revenue from the industry in February also posted a decline compared to the same period a year earlier, ABIMAQ reported. Benchmark interest rate is still high, the industry says.
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.
Between logistical challenges and the substantial presence of the public sector, Brazil’s smallest federative unit, where its federal capital sits, exports mainly commodities.
The 24% growth will be driven by soybeans, maize and cotton, Brazil’s Agriculture Ministry reported.
From November 21 to 23, Abicalçados and NürnbergMesse will hold the BFSHOW in Porto Alegre for the first time. Foreign buyers and guests are expected to participate. Registration for guests is open.
Ministry forecasts a trade surplus of USD 84.7 billion this year as imports will fall more than exports. Prices of goods Brazil imports like fertilizers, fuels and wheat are declining.
Brazil exported 506,000 60-kg bags from January to May 2023, up 50.2% from a year earlier.
