The region’s countries bought 13.3% more products in November in comparison to the same month of 2015, while overall shipments declined 3.1% in the period.
Forecast made by the National Supply Company signals a surge in the 2016/2017 crop to 213.1 million tons. The expansion of the planted area of soy is a strong reason behind it.
The state-run oil firm Sonatrach expects to ship 109 million tons of oil equivalent by the end of the year. The performance reflects an output increase.
The region purchased 1.1 million bags of the Brazilian product this year until November, but the volume was lower than last year’s. The largest importer is Lebanon.
The estimate is from the Brazilian Federation of Agriculture and Livestock. This year will see growth of up to 3%.
Foreign sales from Brazil decreased in volume and revenue in November, but export volume increased year-to-date through November.
The president of the Brazilian Exports and Investment Promotion Agency, Roberto Jaguaribe, said Brazil needs to show other countries that its agriculture is sustainable.
The move applies to frozen whole chicken through May 31 2017. The reason is an increase in prices charged for locally-made product.
The initiative was created during a visit of Brazilian minister of Agriculture, Blairo Maggi, to Marrakech to attended COP 22. The plan is to decide which agricultural products they can offer to each other.
The Brazilian Institute of Geography and Statistics (IBGE) predicts a total crop of 209.4 million tons next year, a bigger number than in 2016. The Northeast should account for the bulk of that growth.
The region accounted for 20% of the exports by the Brazilian meat processing company year-over-year ended in September. Countries such as Iraq and the UAE were the leading buyers, according to the company.