Representatives of 11 Brazilian companies are in the United Arab Emirates to participate with the Arab Brazilian Chamber in the Gulfood food and beverage show, which starts in Dubai this Monday (20).
Browsing: sugar
Sold for higher prices, agricultural commodities accounted for 71% of the trade with the Arab countries in 2022. Sugar, poultry and iron ore were the leading items sold to the bloc.
36.3 million tonnes of sugar are expected to be produced by Brazilian mills in the 2022/2023 harvest.
With investments from the United Arab Emirates, the factory can produce around 900,000 tons of beet sugar.
The Brazilian government will allow coffee, margarine, cheese, pasta, sugar, soy oil, and ethanol to enter the country tax-free. The new policy could help contain inflation.
This year’s edition has companies from different sectors, including pet food. For many Brazilians exhibiting at the show, target markets are in Africa.
Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
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.
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.
Foreign sales fetched USD 1.2 billion last month, up 121% from October 2019. Sales to Arab countries came out to USDE 294 million.
Exports from Brazil came out to USD 1.1 billion, the highest monthly result to date this year. Sales increased month-on-month for sugar, iron ore, beef and poultry.
Foreign sales climbed 91% in volume and 83% in revenue year-on-year in July. Asia was one of the leading importers.
Decline in ethanol sales and increase in sugarcane processing allowed Brazil to supply 30 million tonnes to the world sugar market.
FAO index points out a sharp fall of 3.4% in food prices last month on March. Sugar prices plunged by 14.6%.
