In an online event on Thursday (20), Cleber Soares of Brazil’s Agriculture Ministry presented an innovation agenda that is being developed to take the Brazilian agribusiness to new levels of innovation. He said the country can transfer knowledge to African countries such as Sudan.
Browsing: maize
Amid uncertainties in the foreign market, Arab purchases of maize from Brazil fetched USD 212.5 million year to date through March, up 132%. The increase reflects a smaller availability from U.S. suppliers, as the country made deals with China.
According to information released by the Arab Brazilian Chamber, Brazilian sales to the Arab countries stepped up in the first quarter. Vaccination has boosted the markets in the region.
The hike in costs of commodities such as soya and maize caused feed prices to rise, and the United Arab Emirates are having trouble buying from Brazil.
Agribusiness products were the top exports from Brazil to the bloc, which reached USD 11.47 billion, down 6.3%. Decline was lower than in other Brazil’s foreign partnerships, though.
Brazilian exports were down by 9.6% in August, while agribusiness sales climbed by 9%.
Brazilian sector stood out amid the economic rebound and during the COVID-19 crisis. Valued exchange and export capacity make Brazilian agribusiness companies more attractive for foreign investors.
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.
Last month saw USD 8.21 million worth of product shipped from Brazil last month. Meats led the way, with sales also increasing for maize, cotton, and orange juice.
Exports from Brazil to the region grossed USD 642 million in June, up 26% year-on-year.
The country accounts to 25% of global trade of the product, up from a meager 1% ten years ago, according to the Food and Agriculture Organization of the United Nations (FAO).
The National Supply Company sees output potentially reaching 95 million tons in the 2018/2019 season.
