Increased demand for food and fertilizers, along with changes in Chinese agricultural policy, influence the sector’s performance.
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Jihed Ben Slama, one of the representatives in a delegation from Muslim-majority countries visiting Brazil this week via the Halal do Brasil project, seeks trade deals in the Latin American giant.
BMJ adviser and founding partner Welber Barral says in article that good diplomatic relations, Brazil’s ability to meet demands for food, and initiatives in favor of agreements can lead to further trade.
Ministries of Agriculture and Livestock and Foreign Affairs of Brazil will have a stand at agricultural trade show SIAM to take place in the city of Meknes from Abril 22 to 28. A trade delegation is being organized by the Arab-Brazilian Chamber and ApexBrasil on the sidelines of the exhibition.
Overall exports from the country saw a growth rate of 1.2% in January compared to a year ago, the Department of Statistics said.
Eurochem mine and plant complex will produce tonnes of fertilizers to cater to Brazilian farmers. Volume accounts for 15% of Brazil’s phosphate output.
Brazilian imports of fertilizers were the highest in the past five years, Conab reported. Postponement of nitrogen acquisitions last year boosted the result.
The purchases of fertilizers from the international market in Brazil fell in the first seven months of the year, said the sector’s association.
The Egyptian company will invest some USD 8 million to step up its production capacity and meet the growing demand for fertilizers from both the domestic and international markets.
According to the Chemicals and Fertilizers Export Council of Egypt, the country intends to increase fertilizer exports by 30% this year. Brazil is one of the markets with great potential for expansion.
A consultant assessed the impacts on the market. According to ANDA data, the decrease also affected the volume of purchases in Brazil.
The complex includes six factories that have a total production capacity up to 1.7 million tons and investments of USD 800 million.
Latin American ambassadors and representatives from the Arab Brazilian Chamber visited plants of the company Abu-Qir in Alexandria and received information on the Egyptian fertilizer production. Latin American states will be the focus of a mission from the Arab country.
The Egyptian fertilizer industry aims to increase Brazilian market sales through direct sales.