All sectors of the economy grew last year, particularly agriculture, which posted a 15.1% expansion from 2022.
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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 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.
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.
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.
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.
