In this file:
· Agribusiness exports grow 40% in October
... Meat exports totalled US$ 1.42 billion, driven chiefly by sales of chicken (US$ 623.78 million, up 24.4% year-over-year) and beef (US$ 601.65 million, up 38.1% YoY). Sales of fresh chicken and beef hit record highs of 335,240 tons and 119,080 tons, respectively, while pork and turkey sales both saw decreases...
· Brazil to slightly reduce output of soybeans, corn in 2017-18: MB Agro
· Saudis to expand agricultural participation in Brazil
Agribusiness exports grow 40% in October
Soybean exports are the main driver, with almost US$1 billion in sales in 2017 so far
BrazilGovNews/PRESIDENCY OF THE REPUBLIC OF BRAZIL
Nov 09, 2017
Brazilian agribusiness continues to celebrate excellent results in foreign trade. In October, agricultural exports were up 39.9% over October 2016, reaching US$ 8.02 billion, while imports fell by 5.5% to US$ 1.14 billion. This means a remarkable year-over-year increase in the trade surplus for the month, from US$ 4.53 billion to US$ 6.89 billion.
The flagship agribusiness export in 2017 has been soybean, with US$ 939.26 million in exports so far this year, including US$ 423.53 million in sales of soybean meal and US$ 100.96 million in soybean oil. In October, vegetable products accounted for 78.1% of all agribusiness exports (US$ 6.27 billion), with animal origin products accounting for the remaining US$ 1.75 billion.
Meat exports totalled US$ 1.42 billion, driven chiefly by sales of chicken (US$ 623.78 million, up 24.4% year-over-year) and beef (US$ 601.65 million, up 38.1% YoY). Sales of fresh chicken and beef hit record highs of 335,240 tons and 119,080 tons, respectively, while pork and turkey sales both saw decreases (down 7.8% to US$ 134.35 million and 19.5% to US$ 25.30 million, respectively).
Asia continues to be the main buyer of Brazilian agribusiness. Exports to the continent in October alone reached US$ 3.30 billion, a 56.5% increase, taking the region's share of Brazil's total exports from 36.8% to 41.1%.
Volume numbers are also up ...
Brazil to slightly reduce output of soybeans, corn in 2017-18: MB Agro
Reporting by Chris Prentice; editing by Diane Craft, Reuters
November 13, 2017
NEW YORK (Reuters) - Brazil will harvest 110 million tonnes of soybeans in the 2017/18 crop year, down from 114 million tonnes in the previous year, an industry consultant said at an event on Monday.
Brazil will produce 85-90 mln tonnes of corn in 2017-18, down from 100 mln tonnes...
Saudis to expand agricultural participation in Brazil
Saudi Arabia’s minister of Agriculture met with his Brazilian counterpart this weekend. The Arab country plans to increase food products imports and investments.
Alexandre Rocha, Brazil-Arab News Agency
São Paulo – Saudi Arabia plans to increase food products imports and investments in the Brazilian agribusiness, reported this Monday (13) to ANBA the director of International Promotion of the Ministry of Agriculture, Livestock and Supply (MAPA), Evaldo da Silva Júnior. “They want to import more poultry and beef and grains, and want to also import livestock, plus increase investments in Brazil,” said Silva.
These topics were discussed by the ministries of Agriculture of Brazil, Blairo Maggi, and of Saudi Arabia, Abdulrahman Alfadli, in a meeting held this weekend in São Paulo. “We discussed Brazilian exports of meats and grains. And the [Saudi] minister showed a clear intention of increasing investments here,” said Maggi in a statement released by MAPA this Monday.
According to Silva, the Saudis want to buy equities in Brazilian agricultural companies to secure the supply to the Arab country’s market. Food security is a major concern in the Arab world, especially in the Gulf countries, where the climate is extremely arid.
“This is the way they got to ensure food security, via equity,” said Silva. “They don’t buy the whole company, but are shareholders, they aren’t the operators,” he added. That is, they ensure financial support to the business in exchange to access to the products.
According to Silva, MAPA itself presented to the Saudis a portfolio of projects that can receive foreign investments and that are being analyzed. One example of a Saudi investment is the near 20% stake of SALIC in meat processing plant Minerva. SALIC is the branch for the agricultural sector of the Saudi sovereign fund PIF...