Foreign sales from Brazil increased in the first ten months of the year, driven by China, as well as Saudi Arabia and the United States.
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The seaport in Itaqui, Maranhão is adding capacity for incoming fertilizer shipments and power outlets for refrigerated shipping containers. This will enable increased throughput in trade with Arab countries. The Port will be an exhibitor at the Economic Forum Brazil & Arab Countries.
Exports from the Brazilian food company’s domestic units accounted for 72% of gross revenue in Q2 2020. Asia’s share in total sales leaped from 25% to 50%, while the Middle East’s slid from 27% to 9%.
The administration convened this week to outline actions intended to keep exchange rate fluctuations in check and protect purchasing power.
Chicken meat exports from Brazil climbed 4.5% year-on-year in May to 399,400 tons, while revenues slid 17.3% to USD 546.3 million.
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.
Arab country has opened up for cattle, sheep and goat meat. Negotiations were underway about the requirements of the International Sanitary Certificate for exporting products and whether Kuwait would accept the list of establishments laid down in the Federal Inspection Service.
The month saw 17,123 tonnes shipped from Brazil. Revenue was down 27% year-on-year.
Arab country purchased 71,400 tonnes last year. Spearheaded by China, exports hit record levels in both volume and revenue.
Last November, the ton of beef from Brazil was sold for 21.6% more than a year ago. Specialists explain how sales to the Chinese may impact other markets, such as the Arabs.
Cordeiro da Estância started offering all halal-certified cuts in Brazil. Company also announced the production of certified bovine meat within the next 90 days.
Egypt increased imports by 17.5% year-to-date, while the UAE acquired almost four times more, Abrafrigo reported.
Exports from Brazil to the region grossed USD 642 million in June, up 26% year-on-year.
The first half of the year saw 51,000 tons of product shipped. Sales to Arab countries as a whole also climbed.
