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Brazilian Agribusiness Sales to Egypt Highest

by 5m Editor
14 September 2010, at 4:45pm

BRAZIL - Egypt was the top-growing target among the leading importers of Brazilian agricultural products in August. In terms of regions, Africa was the bloc to which sales increased by the highest rate.

The increase in exports to Egypt was a highlight of the Brazilian agricultural trade balance in August, according to the Brazilian Ministry of Agriculture, Livestock and Supply. Revenues from sales to the country totalled $ 132 million, representing growth of 145 per cent over the same month of last year. It was the highest rate of growth among Brazil's leading markets.

Egypt, Saudi Arabia and the United Arab Emirates are among the 20 leading importers of Brazilian agricultural products, a ranking topped by China. The sector shipped a total of $ 7.3 billion in August, a figure 23 per cent lower than in the same month of 2009.

The region to which sales of Brazilian agricultural items grew the most was Africa. Sales to the continent totalled US$ 618.8 million, an increase of 58 per cent over the same month last year. Exports to the Middle East grew by 29 per cent.

The items that influenced the sector's trade balance the most, according to the ministry, were sugar and ethanol, meats, forestry products, coffee and grain.

From January until August, the sector's exports reached nearly $ 50 billion, representing growth of 13.6 per cent compared with the same period last year. Egypt was also among the top growing markets from January to August.