Brazil’s Agribusiness Thriving in Africa, Asia and Middle East

Soy field Agribusiness exports from Brazil to the Middle East grew 33% in April in comparison with the same month of last year. Foreign sales of agribusiness products to Africa rose by 24.2%. Sales to Asia grew as well, by 20.9%.

These figures were supplied by the Brazilian Ministry of Agriculture, Livestock and Supply. According to the ministry, these were the continents and economic blocs to which exports grew.

Overall revenues from exports have decreased. There was a 4.7% reduction in April over the same month of last year, down to US$ 5.48 billion. In April 2008, sales totaled US$ 5.75 billion. Some sectors, however, had a positive performance. Such was the case with sales of the soy complex (grain, oil and chaff), with growth of 12.2%, the sugar and alcohol complex, growth of 21.1%, livestock, growth of 14.6%, and beekeeping products, growth of 113.7%.

Exports of soy complex products, for instance, totaled to US$ 2.08 billion. Soybean answered to US$ 1.54 billion of that total. There was a reduction of 17.8% in the price of soybean, despite the volume sold having grown by 34.3%. Exports of the sugar and alcohol complex climbed from US$ 411 million to US$ 498 million. Sugar was the main item responsible for the good performance of foreign sales by the segment. Exports of the product grew 47.9%, having totaled US$ 405 million.

Products for which sales decreased were meats, minus 11.3%, leather and its products, minus 49.4%, forestry products, minus 10.9%, and coffee, minus 12.2%. Revenues from meat sales, for example, decreased from US$ 1.09 billion, in April last year, to US$ 970 million in the same month of this year. The reduction concerns beef sales. Exports of chicken meat recorded an increase.

Even though only Middle East, Africa and Asia recorded growth in purchases of Brazilian agribusiness products, there was also growth outside of these blocs and regions, to other individual countries. Such was the case with France, which bought 14.5% more. Most of the importing nations that stood out, however, are from the regions mentioned above. China increased its purchases by 20.1%, Japan, 46%, and Saudi Arabia, 33.9%.

In the accumulated result for the last 12 months, Brazilian agribusiness exports grew 14% and totaled US$ 70 billion. A surplus of US$ 59.1 billion was recorded during the period, as Brazilian imports were equivalent to US$ 11.1 billion.

Anba

Tags:

You May Also Like

Brazil’s Associados Enlists U.S.-AdStar to Spice Up Advertising

U.S.-based AdStar, a leading application service provider for the classified advertising industry, announced that ...

Brazilian presidential candidates Lula and Geraldo Alckmin

Lula’s Electoral Stumble Gives Brazilian Politics New Lease on Life

The first day of October 2006 will remain in Brazil’s political memory for a ...

Brazil, a Giant with Too Much Fat and Too Little Muscle

Brazil, the largest economy in Latin America, is in dire need of structural reforms ...

Weak Dollar Helps Brazilian Retail Sales Grow 7%

Retail sales in Brazil were up 7.42% in April, compared with April, 2005. In ...

20 Minutes and Tickets for Brazil’s Carnaval Were Gone

Tickets for Rio’s famous Carnaval parade, the centerpiece of Brazil’s annual pre-Lenten festival, sold ...

Wedding Gown

He was good, very good. Good all the time and everywhere. His kindness caused ...

Brazil’s Lula Says New Deal Inspired His Biodiesel Program

“The 21st century must be Brazil’s century,” affirmed President Luiz Inácio Lula da Silva, ...

To Win China Brazil Needs a Better Cotton

China consumes over a third of the world’s cotton crop and imports over 40% ...

Market Lower in Brazil Amid Fears of Higher Interest Rates

Brazilian equities declined further, pressured by interest rate fears and additional profit taking. Brazil’s ...

Brazil’s Varig Flies into Bankruptcy Skies

Varig (Viação Aérea Rio-Grandense), the troubled Brazilian airline, which is the largest Latin America ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`