Brazil`s cereal exports to Arab countries grew 50% in 2019
Jan, 03, 2020 Posted by Sylvia SchandertWeek 202002
Data from the Arab-Brazil Chamber of Commerce indicates that Brazil`s revenues from cereal exports to Arab countries rose 50.3% in the first eleven months of 2019 year-on-year, with sales reaching US$1.03bn. Of this, corn was the highest volume cereal exported, accounting for US$1bn by value, with growth during the same period comparison of 47.3%. By volume there was a 50% increase from 3.9m tons to 5.9m tons.
The second cereal most exported by Brazil to the Arab world during the eleven month period was rice, accounting for US$24.4m. This is a vast increase compared with the same period in 2018 when only US$2.9m was exported. The other cereal exported in significant quantities by Brazil was sorghum, but at a much lower value.
The Arab countries together make up Brazil’s largest export market for cereal, with Egypt being the biggest market, followed by Morocco, Saudi Arabia, Jordan, Algeria, United Arab Emirates, Tunisia, Lebanon, Iraq, Oman and Kuwait. Other significant export markets are Iran, Japan, Vietnam and South Korea.
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