Foreign sales from Brazil went up in volume and revenue in February from January. Industry association Abicalçados expects year-on-year sales to start going up by May.
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The commodity’s prices started increasing in 2020 and are expected to stay high this year. Increased demand from China and Vale’s reduced output are some of the reasons.
Year to date through November, Brazil exported 1.8 million tonnes. China stepped up its purchases, while the second biggest importer Egypt stepped them down.
Foreign sales of agriculture and livestock products from Brazil fetched USD 10 billion last month, fueled by sales of soy to China.
Overall Brazilian poultry exports were up 15%. The Arabs, though, imported 3.5% less year-on-year.
Casablanca-Beijing route was launched this Friday and will have three frequencies a week. Moroccan company also flies to Brazil.
Arab country purchased 71,400 tonnes last year. Spearheaded by China, exports hit record levels in both volume and revenue.
Brazilian exports were up 6.4% in revenue and 2.8% in volume last year. Saudi Arabia lost its lead to the Asian country as the main destination of the product.
Last November, the ton of beef from Brazil was sold for 21.6% more than a year ago. Specialists explain how sales to the Chinese may impact other markets, such as the Arabs.
Four oil blocks were on offer in the 6th Production Sharing Bidding Round. A consortium of Petrobras and China’s CNODC placed the winning bid for the Aram area, in the Santos Basin.
Brazil shipped 7.9 million pairs, up 65% year-on-year. Revenues climbed 44% to USD 84.35 million.
Jorindo Group director Kamal Suleiman visited the Arab Brazilian Chamber and said he’s searching for Brazilian distributors to start selling their products in Brazil.
Exports by the bloc’s were up a meager 0.4% in Q1, while imports slid by 1.2%. The organization points out the negative effects of the USA-China trade war.
The number was up 2% from the first quarter of 2018. India remained the biggest source country, followed by Saudi Arabia and the United Kingdom.
