Arab countries seeking new suppliers in Brazil to secure food supply
Market & Price Trends
Published Aug 4, 2020
Giving the possibility that the Covid-19 may still affect export flows in Europe and that China may agressively resume purchases of food, Arab countries are seeking new food suppliers in Brazil in an effort to strengthen their stocks of beef, chicken, fish, sugar, rice, milk products, corn and fruit. Saudi Arabia, Bahrain, Egypt, the United Arab Emirates, Kuwait, Morocco and Sudan have asked the assistance of the Arab-Brazilian Chamber of Commerce, who called for virtual conference in June with 23 entities, mostly from agribusiness, in addition to representatives from the Ministry of Agriculture and the Ministry of Economy. Brazil is the main food supplier to the Arab countries, which in turn are the second largest market for Brazilian food products, behind China only. In 2019, sales from Brazil to the 22 Arab League countries totaled US$ 12 billion, up 6.3% over the previous year.