FG, Brazil seal $1.2 billion loan to boost agric sector

Nigeria and the Brazilian Government have signed a $1.2 billion Memorandum of Understanding to boost agricultural modernisation in the country. The credit facility provided by the Development Bank of Brazil would help support the Federal government’s drive to provide agricultural mechanisation and agro-processing centres across the country. The Senior Special Assistant to President Muhammdu Buhari […]

Brazilian agribusiness: A rising king?

Brazilian agribusiness has been highlighted over last decade for a couple of reasons. It became a major producer and exporter of soybeans in the world. In the 2020/21 crop, despite all the weather issues and late planting, Brazil expects to harvest 129.7 million tons, a 6.8% increase compared to 2020. Brazilian soybeans are the “little […]

Brazilian exports of corn hit 35 million tons in 2020

Still subject to corrections by the official Brazilian export registration agency, Secex, the preliminary number of Brazilian corn shipments in 2020 was 35.07 million tons. Within the range of expectations, but perhaps facilitated by the decline of prices in the Brazilian market in December, a fact that may have accelerated some exports. In any case, […]

Brazil: Wood-Based Product Exports Rose 47% In December 2020

In December 2020, Brazilian exports of wood-based products (except pulp and paper) increased 47% in value compared to December 2019, from US$222.3 million to US$327.4 million, reported the International Tropical Timber Organization (ITTO). Pine sawnwood exports increased 53% in value, rising from US$ 34.8 million in December 2019 to US$ 53.2 million in December 2020. […]

Brazilian agribusiness exports grow 4.1 pct in 2020

Brazil’s agribusiness exports, one of the mainstays of the economy, grew 4.1 percent in 2020 compared to the year before, topping 100 billion U.S. dollars for the second time on record, the Ministry of Agriculture, Livestock and Supply said on Tuesday. Agribusiness exports last year totaled 100.806 billion U.S. dollars, the second-highest figure since hitting […]

Brazil logs USD3.6 billion in defence and security exports in 2019

Brazil’s defence and security industry reached more than USD3.6 billion in exports during 2019, according to figures released by the country’s Ministry of Defence (MoD) in December 2020. The figures represent a significant increase when compared with the reported USD3.2 billion of exports in 2018. The major export contracts seem to have been the sale […]

Soybean meal exports nearly triple to 26.8 mn tonnes in Dec on demand surge

India’s soybean meal (soybean khali) exports rose nearly three times to 2.68 lakh tonnes during December last year on higher demand in the global market, SOPA said on Monday. In December 2019, soybean meal exports stood at 90,000 tonnes, as per data released by Indore-based Soybean Processors Association of India (SOPA). France (43,257 tonnes) and […]

Brazilian beef exports at record level | instant news

Brazilian beef exporters experienced an 8% increase in 2020 to 2.02 million metric tons. That’s according to the Brazilian beef industry association, Abrafrigo, which also reported revenue from beef exports last year was 11% higher at $ 8.4 billion. Abrafrigo expects a 5% increase in the volume of Brazilian beef exports by 2021. “For 2021, […]

Rising iron ore prices could benefit Brazil’s trade balance

Commodity prices started to rise in 2020 and are expected to remain high this year. Increased demand from China and reduced production by Brazilian companies are some of the reasons. Higher iron ore prices are expected to benefit the Brazilian trade balance in 2021, drive up profitability of the commodity’s exporters and make ore-derived products […]