FAO index points out a sharp fall of 3.4% in food prices last month on March. Sugar prices plunged by 14.6%.
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Survey from Conab shows that 2019-2020 sugarcane crop is poised to grow by 9.5% to 31.8 million tonnes.
Arab country was the destination of 13% of Brazilian sugar exports during the 2019/2020 crop season, which started in April.
Current head of the Brazilian diplomatic representation to Bogotá, Colombia, Julio Bitelli was nominated to the embassy in Rabat. At the Arab Brazilian Chamber, he said that diversifying exports and signing the agreement with Mercosur will be his priorities.
External purchases reached USD 2.82 billion year through April, a 11% year-on -year decline.
Survey by the Brazilian National Company of Supply estimates a production of 33.58 billion liters for the 2018/2019 crop, a 223% increase over the last cycle.
RCMA Group Brazilian office will show at Arab Brazilian Chamber pavilion in fair to be held in Dubai from February 17 to 21. Branch in São Paulo deals with sugar.
During the 2018/19 crop, three of the five top destinations of the Brazilian commodity were Arab countries. The National Supply Company is expecting a record ethanol output.
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.
Exports daily average stood 10.5% above the one registered in October’s first week, according to the Ministry of Industry, Foreign Trade and Services (MDIC).
From January to July of this year, the country’s foreign purchases totaled USD 5.2 billion.
Brazil exported USD 59 billion worth of goods from January to July, an all-time high for the period.
Foreign sales from Brazil were up 3% year-on-year. Soy, the primary driver of sales, accounted for 58% of total goods shipped abroad from Brazil.
