Sales To Arabs Increase
BRAZIL - Brazilian agribusiness increased its revenues with exports to the Arab countries by 38 per cent in January. Sales rose from US$ 397.5 million in January 2010 to US$ 549.4 million in the same month this year.
17 February 2010
2 minute read
The director of the Agribusiness International Promotion Department at the Ministry of Agriculture, Livestock and Supply, Eduardo Sampaio, told Brazil-Arab News Agency three products were greatly responsible for the increase: sugar, chicken and beef.
The greater agribusiness exports to the Arab world meant revenues of US$ 152 million. In the sugar and meat sectors alone, the growth was US$ 186 million. The added revenues, in general, were only not greater as there was reduction in the sale of other products, like soy grain and chaff and milk. With regard to chicken, the growth was 45 per cent, to US$ 140 million, and in beef, the expansion was 54 per cent, to US$ 56 million. The improvement in the global economy boosted exports of beef in January, according to Mr Sampaio.
Among the main agribusiness buyers in the Arab world in January, the growth was balanced in terms of values. Saudi Arabia, for example, the first in the ranking, bought US$ 20 million more. The Emirates increased their imports by US$ 22 million, Algeria by US$ 19 million, and Egypt, by US$ 24 million. In percentage terms, however, the great expansion was in the case of Egypt, 112 per cent to US$ 46 million. The Saudis, in turn, who traditionally buy more in terms of volume, expanded their purchases by 17 per cent.
Great growth in purchases was also identified in Iraq. The country spent US$ 44.8 million in Brazilian agribusiness products, with growth of 453 per cent over January last year, when the country’s imports totalled US$ 8 million. Also in this case, sugar and meats boosted the performance.
TheCattleSite News Desk
