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:

You May Also Like

Brazil Creates Close to 200,000 New Jobs in May, Less than April or May 2005

198,837 new formal jobs (with signed working papers) were created in May, in Brazil, ...

Drug Traffickers in Rio Hit TV Globo’s Chopper

Brazilian drug traffickers fired shots at a TV Globo helicopter in Rio de Janeiro ...

Rio Tries to Ban Coconut Sales in the Beach. Measure Upsets Cariocas

Rio de Janeiro was about to lose one of its most enduring images, that ...

Brazil Wants Fair Profit for Biodiverse Areas

Brazil’s Minister of Environment, Marina Silva, on January 21, emphasized the importance of a ...

Third Place Marina Silva Big Winner and King Maker in Brazil’s Presidential Election

Dilma Rousseff chosen by Brazilian President Luiz Inácio Lula da Silva to succeed him ...

UN Praises Brazilian AIDS Program

The world director of the United Nations Joint Program for HIV/AIDS (Unaids), Peter Piot, ...

Malaria and Tuberculosis Are Killing Indian Kids in Brazil

Two children from the Pirahã people died during the first days of January and ...

Brazil: A TV Feud of Two Beers

Zeca Pagodinho, one of Brazil’s most popular singers, is in the middle of a ...

With 150,000 Illegals from Brazil, UK Decides to Impose Visas for Brazilians

A global economy but not so much of a global understanding, at least when ...

The Chinazation of Brazil and the Country’s Role Inside the BRICS

In recent years Brazil has taken its ambitions of becoming a global power to ...