Iron ore, chicken, beef, sugars, and coffee were the top export from Brazil to the North African country in the first half of the year.
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In the Arab country, the presidents of Brazil and Egypt formalized agriculture and science and technology protocols and discussed the role of the U.N. Security Council. Lula said that Brazil will make new contributions to the U.N. Palestinian refugee agency UNRWA.
On a panel at the Global Halal Brazil, experts spoke about the importance of halal certification in logistics, the strategic logistic hubs in Muslim countries, and security in international sales.
Beef prices reach unprecedent levels in the Egyptian market, with weekly increases caused mainly by increasing cattle feed prices.
From January to September, the United Arab Emirates were the sixth leading destination for Brazilian beef abroad and increased its purchases by 14%. Brazil had an excellent performance in exports of the product in September, despite an embargo in some countries.
FAO index points out a sharp fall of 3.4% in food prices last month on March. Sugar prices plunged by 14.6%.
Widam, one of the country’s largest beef suppliers, now sells this and other food products by app. In its website, the company states it sells bovine meat from Brazil.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
The month saw USD 212 million worth of product shipped from Brazil to that region, up 60% year-on-year. The result is owed to the building of stockpiles for Ramadan.
Foreign sales by the industry amounted to USD 8.48 billion. Soy was the top seller at USD 2.62 billion shipped out, up 78.8% from a year ago.
Brazil shipped out over 366,000 tons in October. The poultry farmers’ association says that the data confirms the perspective of recovery.
Brazil shipped out 114,420 tons last month, up 17.6% over August 2017.
From January to July of this year, the country’s foreign purchases totaled USD 5.2 billion.
The country shipped 397,000 tons abroad, down 4.6% over the same month of 2017. However, the volume surpassed 2018’s monthly average.
