The company’s CEO estimates an annual volume of imports of approximately USD 60 million from Brazilian firms.
Browsing: beef
The Egyptian market bought 81,300 tonnes of Brazilian beef from January to August this year, up 96.8%.
The Arab country was the third leading destination for Brazilian beef from January to July this year. Exports to the Egyptian market expanded by 144%.
According to information released by the Ministry of Supply and Internal Trade, the price of the product imported from Brazil dropped 12% at official points of sale in the Arab country.
The country saw an increase in sales of different agricultural goods to the Arab countries in January, including maize, sugar, beef and poultry.
The Arab country stepped up by 319% its beef purchases from Brazil and ranked second among the leading importers, only behind China.
The Chinese market has returned to buy Brazilian beef this Wednesday (15), after a suspension for about three months due to unusual cases of mad cow disease.
Beef prices reach unprecedent levels in the Egyptian market, with weekly increases caused mainly by increasing cattle feed prices.
From January to September, the United Arab Emirates were the sixth leading destination for Brazilian beef abroad and increased its purchases by 14%. Brazil had an excellent performance in exports of the product in September, despite an embargo in some countries.
According to Brazil’s Ministry of Agriculture, Saudi authorities have lifted the ban on five beef plants in the state of Minas Gerais. The clearance came into force on Thursday (16).
The Arab country ordered the suspension after atypical cases of mad cow disease were ed. The Arab Brazilian Chamber believes in a quick resolution of the problem.
The region reduced its share in Minerva’s exports from Brazil and grew in sales of the subsidiary Athena, which encomes operations in Argentina, Uruguay, Paraguay, Chile and Colombia.
From January to July 2021, the shipped volume declined. However, revenue from foreign sales grew. Egypt was the fourth largest buyer.
Foreign sales of agriculture and livestock grew by 25% in June, driven by the rise in international prices. Revenue from soy and animal protein shipments rose.
