Middle East Buys More Soy Oil from Brazil

Soy oil from Brazil Brazilian soy exports to the countries of the League of Arab States grew 470% in June over the same month last year. Brazil had revenues of US$ 4.1 million with sales of the product to the Arab market in June 2007 and US$ 23.6 million in the last month. In terms of value, the increase was US$ 19.4 million.

In terms of volume, soy oil exports also presented expressive growth in the period. They rose from 6,000 tons to 19,100 tons. In this case, the increase was 219%. The values refer to bulk soy oil and also to the refined product.

Brazilian soy oil sector industries, in truth, expanded their markets to the Arab world last month. In June 2007, the only Arab country that had purchased the Brazilian product was Morocco, in North Africa. In the same month this year, soy oil exports from Brazil went to Egypt, Tunisia and Saudi Arabia. Morocco did not buy any.

The Arab country that purchased the greatest volume of the product was Egypt, with US$ 13.5 million, or 12,000 tons. The second was Tunisia, with US$ 9.8 million and seven thousand tons. The Saudis, third in the list, purchased much less, US$ 255,000.

Brazil is a great exporter of soy and derivatives. In the last month of June, exports of the soy complex, which include from oil to chaff and grain, were US$ 2.1 billion.

There was growth of 77% over the same month in 2007, when they totaled US$ 1.2 billion. In terms of volume, exports of the soy complex totaled 4.9 billion tons in the last month, against 4.4 billion in June last year.

Anba

Tags:

Ads

You May Also Like

Brazil Finds Oil in New Exploratory Frontier Off Northeast Coast

Brazilian state-controlled oil multinational Petrobras and Norwegian company StatoilHydro announced this Tuesday, November 25, ...

Agrale, Brazil’s Answer to Heavy-Duty Vehicles

Agrale, a Brazilian maker of trucks, light chassis, motorcycles, tractors and engines has just ...

Brazil to Grow 3% or Less This Year, Say Experts

Brazil’s one hundred leading corporations and independent analysts estimate that the country’s growth this ...

How to Become a Carioca

Postcards from Rio People are not pedestrians here, they are targets. Traffic signals are ...

Helping Hand

By Brazzil Magazine What is being done to help favela residents in Brazil and ...

Children as Young as 5 Work in Brazil’s Talc Mines

Child labor continues to pervade supply chains throughout the Brazilian economy. This observation was ...

Faustian Bargain: Lula Sacrifices Developing World’s Dreams for a Few Votes at Home

Last June, the heads of government of the Group of Twenty Finance Ministers and ...

UN Hears About Plight of Brazilian Indian

The assassination of Indians in Brazil and the risky situation of human right defenders ...

Foot and Mouth Disease Is Back in Brazil

Brazilian authorities confirmed Thursday, April 20, a new outbreak of the highly contagious foot ...

This Brazilian Owns a Whorehouse, But He Won’t Be Called a Pimp

Not that I wish to defend those who exploit prostitution. But it’s not easy ...