Arab countries are among the top buyers of Brazil’s agribusiness, according to the country’s National Confederation of Agriculture. The agribusiness GDP is expected to grow by 2% this year.
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Halal do Brasil project held a seminar in the state to present opportunities in Muslim countries to local producers.
All sectors of the economy grew last year, particularly agriculture, which posted a 15.1% expansion from 2022.
According to Brazil’s Ministry of Agriculture and Livestock, revenue from exports reached USD 166.5 billion in 2023, up 4.8% from 2022. Sector was responsible for 49% of Brazilian exports.
The director of International Relations of CNA, Sueme Mori, said Middle Eastern, Asian, and African nations could increase their demand.
Soybeans are a major driver of the Brazilian economy, bringing together 240,000 farmers and creating jobs in small towns and big cities across the country. As the world’s leading soybean producer and exporter, Brazil is expected to further increase shipments in 2023.
The 24% growth will be driven by soybeans, maize and cotton, Brazil’s Agriculture Ministry reported.
Brazilian agency Conab estimates a 2022-23 foodgrain output of record 315.8 million tonnes.
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.
IBGE estimates that the 2023 cereal, legume and oilseed crop could increase by 12.6%. Soybean production is the main highlight.
According to the Brazilian National Supply Company, 269.3 million tonnes of grains are expected to be harvested in Brazil in 2021/2022. The most significant volumes will be soybeans and maize.
Sales of products from Brazil to the Middle East and North Africa were up year to date through October, with a focus on iron ore, soy and poultry.
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.
Foreign sales of agriculture and livestock grew by 25% in June, driven by the rise in international prices. Revenue from soy and animal protein shipments rose.
