Brazil, which saw its 2022 first-quarter agribusiness exports to Arab countries jump 51% YoY to $3.56 billion, intends to further jack up bilateral trade with the 22 members of the Arab League.
Brazil, which saw its 2022 first-quarter agribusiness exports to Arab countries jump 51% YoY to $3.56 billion, intends to further jack up bilateral trade with the 22 members of the Arab League.
The Brazilian minister of Agriculture and a team from the ministry and the Arab Brazilian Chamber will visit the Arab countries, departing from Brazil this Thursday (5). Mission meetings will discuss, among other subjects, the supply of fertilizers.
Across Ukraine’s farm belt, silos are bursting with 15 million tonnes of corn from last year’s autumn harvest, most of which should have been hitting world markets.
The stockpiles about half the corn Ukraine had been expected to export for the season have become increasingly difficult to get to buyers, providing a glimpse into the turmoil Russia’s war has wrought in the approximately US$120 billion global grains trade.
Gummed up by supply chain bottlenecks, skyrocketing freight rates and extreme weather events, markets are bracing for more upheavals as deliveries from Ukraine and Russia which together account for about