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.
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All sectors of the economy grew last year, particularly agriculture, which posted a 15.1% expansion from 2022.
An agreement signed between Unica and ApexBrasil at COP28 aims to facilitate meetings, events, and missions between Brazil and African and Asian countries. Evandro Gussi, CEO of Unica, told ANBA that ethanol is a quick, easy, and cheap solution for decarbonization.
The 24% growth will be driven by soybeans, maize and cotton, Brazil’s Agriculture Ministry reported.
The Egyptian government is encouraging the cultivation of crops such as soybean and maize to expand production and boost the local vegetable oil industry. Minimum price guarantees are expected to be implemented.
Sold for higher prices, agricultural commodities accounted for 71% of the trade with the Arab countries in 2022. Sugar, poultry and iron ore were the leading items sold to the bloc.
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.
According to CONAB’s estimate, products such as maize and wheat could have a record harvest in 2021/2022.
The country saw an increase in sales of different agricultural goods to the Arab countries in January, including maize, sugar, beef and poultry.
Easy access, abundance, and low input costs are among the factors that could improve the country’s sustainable plastic chain’s performance.
Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
The Brazilian government published a provisional measure this Thursday (23), which withdraws the collection of PIS and COFINS on maize imports until the end of this year. Supply is down, and prices are up due to the lower harvest.
With a lower output of Brazilian maize, buyers like Egypt will need to consider alternatives to import the product. An analyst explains the possibilities for countries in the Middle East and North Africa.
According to IBGE estimates, the Brazilian harvest of grains, cereals, and legumes should total 256.1 million tonnes this year. The soybean harvest has already been completed with excellent results.