The meat packing company saw revenue from foreign sales drop by 2.1% to BRL 5.7 billion. Accounting for 21% of total exports, the Middle East was the second biggest buying region for the company.
Exports from Brazil to the region reached USD 688 million in January. Algeria was the highlight with a 108% increase in imports.
Brazilian family farmers are exhibiting at Biofach, the world’s premier organic products exhibition, which began this Wednesday in Germany.
The Arab country bought 2.03 million tons of the commodity from other countries last year. Expenditure on sugar and its raw materials reached USD 871.7 million.
Exports picked up in January with revenue reaching USD 18.9 million. Higher product prices were a factor in stronger foreign trade numbers.
Brazil’s National Supply Company (Conab) is forecasting a 32.5 million ton increase in 2016/2017 from the preceding season, to a record 219 million tons.
Foreign sales of chicken meat from Brazil in January fetched USD 605 million, with Middle East countries such as Qatar and Yemen buying more product.
The gross value stood at BRL 527.9 billion (USD 164.31 billion) last year, down 1.8% in comparison to 2015.
Revenues with the product’s shipments declined 7% although the volume exported by Brazil climbed 1% to 1.4 million tons.
According to the sector’s association, the goal is to prevent against an outbreak of bird flu. Last week, Chile reported an outbreak of the disease.