According to ANBA: Brazilian agribusiness exports to the Arab countries generated US$ 724.14 million in revenues in February, a 65.6% increase compared with the same month of last year, according to data disclosed this Monday (21st) by the Ministry of Agriculture, Livestock and Supply. Three Arab countries have ranked among the top importers of Brazilian agribusiness products in February: Saudi Arabia, the United Arab Emirates and Algeria. The three are also among the markets to which sales grew the most during the month, by 48.5%, 109.1% and 196.7%, respectively. Egypt was the fourth leading target for Brazilian products in the Arab market last month. The Egyptians imported the equivalent of US$ 76.85 million, a 92.6% increase over February 2010, in spite of the political crisis that hit the country during the period. The top-selling products to the Arabs include chicken meat, sugar, wheat, beef, soy oil, maize, coffee and livestock. Shipments of all of these items have grown, except for raw beef, whose sales dropped by 4.8%, according to the Ministry of Agriculture. As we said earlier Brazil will likely represent the biggest competitive challenge to Ukrainian exports to those countries.

UkrAgroConsult