Middle East Buys More Soy Oil from Brazil

    Soy oil from Brazil

    Soy oil from Brazil Brazilian soy exports to the countries of the League of Arab States grew 470% in June over the same month last year. Brazil had revenues of US$ 4.1 million with sales of the product to the Arab market in June 2007 and US$ 23.6 million in the last month. In terms of value, the increase was US$ 19.4 million.

    In terms of volume, soy oil exports also presented expressive growth in the period. They rose from 6,000 tons to 19,100 tons. In this case, the increase was 219%. The values refer to bulk soy oil and also to the refined product.

    Brazilian soy oil sector industries, in truth, expanded their markets to the Arab world last month. In June 2007, the only Arab country that had purchased the Brazilian product was Morocco, in North Africa. In the same month this year, soy oil exports from Brazil went to Egypt, Tunisia and Saudi Arabia. Morocco did not buy any.

    The Arab country that purchased the greatest volume of the product was Egypt, with US$ 13.5 million, or 12,000 tons. The second was Tunisia, with US$ 9.8 million and seven thousand tons. The Saudis, third in the list, purchased much less, US$ 255,000.

    Brazil is a great exporter of soy and derivatives. In the last month of June, exports of the soy complex, which include from oil to chaff and grain, were US$ 2.1 billion.

    There was growth of 77% over the same month in 2007, when they totaled US$ 1.2 billion. In terms of volume, exports of the soy complex totaled 4.9 billion tons in the last month, against 4.4 billion in June last year.

    Anba

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    São Paulo in the dark,

    Brazil Blackout Hit 50 Million, 18 States and Gave Weapon to Opposition

    Itaipu, the world's largest operational hydroelectric dam,  which on Tuesday caused a four hour ...

    Three Decades of Brazil’s Rita Lee

    Rita Lee has been around for more than 30 years. Her first appearance was ...

    US State Secretary Rice with Bahia Governor

    Rice in Brazil: US Doesn’t Advocate Internationalization of Amazon

    United States Secretary of State, Condoleezza Rice, says that she was able to make ...

    Embraer 170

    Gulf Air Considering Brazil’s Embraer for Its Fleet Expansion

    The Brazilian aircraft manufacturer Embraer announced it has signed a preliminary agreement with Gulf ...

    Petrobras

    Lula’s US$ 856 Billion Growth Plan Will Start Only After He Leaves Office

    From the total 1.59 trillion Brazilian reais (US$ 856 billion) forecasted for investment in ...

    Werner Herzog's Fitzcarraldo

    Herzog’s Madness with Method in Brazil’s Amazon Jungle

    There is an old adage your mother may once have taught you about the ...

    Harlequin Enters Brazilian Book Market

    Harlequin Enterprises Limited, a leading publisher of women’s fiction,  announced today that effective April ...

    Growing dollar

    Brazil Urged to Cut Interest Rates to Prevent Dollar from Falling Further

    A group of former government financial officials and economists from the Latin America suggested ...

    Building a Better Land

    I look at my portrait on the wall. Time gnaws and destroys peoples faces. ...