Dubai PR Network, Online Press Release from Dubai and Middle East
 
Food, Beverages & Restaurant(Food Industry)
Filter PR by
  
Increased demand for Brazilian beef seen across Arab countries in 2018
 

UAE, 30 April, 2018- The Arab Brazilian Chamber of Commerce (ABCC) has forecasted that the demand for Brazilian beef across Arab countries is expected to increase throughout 2018. The positive outlook follows recent reports that beef exports to these countries saw a 38 per cent increase in terms of value and a 59 per cent increase in volume during the first quarter of the year (Q1 2018). Over the same period, Brazil sold over USD 190 million worth of beef to the Arab region--demonstrating an even sharper increase in terms of volume. According to the country's Ministry of Industry, Foreign Trade and Services (MDIC), Brazilian beef exports for Q1 totaled USD 189.75, reflecting a 38 per cent surge as compared from the same period in 2017. In terms of volume, Brazil was able to export 48,510 tons to Arab countries, showing a 59 per cent increase from last year. 

The ABCC revealed that Egypt took the spotlight in beef import-related activity with purchases worth USD 138.58 million during the first three months of this year--posting an increase of 193 per cent over Q1 of 2017. The second major destination was Saudi Arabia with USD 32.61, followed by the UAE, which imported USD 22.52 million worth of beef. The list is followed by Jordan with USD 18.45 million, showing a 60.4 increase from last year. 

Michel Alaby, Secretary General and CEO, ABCC, said, 'Trade activity between Brazil and Arab countries continues to remain strong, especially across beef exports, which show a 38 per cent value increase and a 59 per cent volume growth. These excellent figures for the first quarter alone has given us the confidence to predict that the demand for Brazilian beef will continue to increase in the next few months--demonstrating the strong preference and confidence placed by these Arab countries to Brazilian meat products. 

The ABCC further shared that total exports to the Arab world during Q1 2018 hit USD 2,742,058,257, accompanied with a total volume of goods weighing 9,120,730,680 Kg. The country's exports to individual Arab countries are as follows; KSA (USD 579,417,484), UAE (USD 494,117,392), Egypt (USD 473,927,367). 

Meanwhile, Brazilian total imports to Arab countries reached USD 1,776,463,080 for the first three months of 2018, combined with a total volume of goods weighing 9,120,730,680 Kg. Over the same period, the UAE exports to Brazil totaled USD 60,877,571. KSA exports reached USD 632,824,025 and Kuwait posted USD 112,490,398. 


Posted by : Dubai PR Network Editorial Team
Viewed 7729 times
PR Category : Food Industry
Posted on : Monday, April 30, 2018  5:13:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Ensure you get your 5-a-day with Kibsons online food deliver...
Next Story : Experience an authentic Latin American iftar at Poco Loco at...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Ralph Lauren Unveils the Earth Polo, Made Completely From Recycled Materials [6088-Views]
Juliette has a gun's New Vanilla Vibes Perfume, a hymn to Adventure and Freedom, now in th... [6002-Views]
Celebrate with the new AIGNER Ramadan collection [5807-Views]
The Beauty Oasis Spa Introduces ‘glowinface' - a First of Its Kind Facial Yoga Treatment i... [5716-Views]
Get Instantly plump and luscious lips with Kocostar's Plump Lips Capsule Mask [5630-Views]
Protect your little ones skin during summer time with Fifi & Friends [5423-Views]
CLAUDE MONET Limited Edition Collection [5319-Views]
UAE to spend AED 8.8 bn on personal care 2022 with 2.2% annual growth [5240-Views]
Express Yourself With the New Scents of Life Fragrance Collection From the Body Shop [5106-Views]
Seasonal Offers from THT to keep you Pampered to Perfection this Ramadan [5081-Views]
Malabar Group Headquarters (M HQ) wins the Forbes India Design Awards 2019 [4673-Views]
Worldwide Distribution Center Showcasing Thousands of Health and Beauty Products at Beauty... [4673-Views]
Cerruti 1881 launches a splendid new collection for the festive season [4496-Views]
Diva Abaya's Ramadan 2019 Collection - A fusion of tradition and fashion! [4484-Views]
Exclusive Louboutin's for the Middle East [4404-Views]
GUESS Partners with Model Roz To Unveil Its Beautiful New Ramadan Collection [4380-Views]
CND™ Sweet Escape: The Collection Awaken the Senses [4362-Views]
Three designer brands to launch exclusively at DIVAlicious 2019! [4124-Views]
Tumi Introduces Alpha 3 [4111-Views]
Brothers Claim Double Triumph in UAE Wakeboarding Championship [4081-Views]
One Giant Leap for Resolution: Samsung Announces Availability of the UAE's first QLED 8K T... [4026-Views]
Ramadan 2019 Listing | Manzil Downtown [3922-Views]
Samana Developers launches Samana Hills in Arjan with 8 year payment plan [3910-Views]
OPPO unveils Reno Series with 10x Zoom and Pivot Rising Camera [3904-Views]
The essence Prep-list for a Regret-free Prom [3831-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories