Brazil expands cotton exports to Saudi Arabia and strengthens trade relations

Published 2024년 10월 24일

Tridge summary

Brazil has received new authorizations to export cotton and its derivatives to Saudi Arabia, strengthening its position in the Middle Eastern market. This marks the sixth trade opening with Saudi Arabia in 2024, following previous access to the market with vegetable seeds, live poultry, and flowers and hay. Brazil, the world's largest cotton exporter, has seen a significant increase in cotton exports in 2024, reaching US$3.68 billion and 1.90 million tons in the first nine months. In total, Brazilian agribusiness has secured 187 market openings in 2024, covering 61 destinations since 2023, demonstrating the growth and importance of the Brazilian agricultural sector on the global stage.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil has obtained new authorizations to export cotton and its derivatives to Saudi Arabia, consolidating its presence in the Middle Eastern market. The expansion includes the sale of cotton lint, seed and other byproducts, such as bran, cake, fiber and oil, opening up new possibilities for the flow of national production. According to information from the Ministry of Agriculture and Livestock, this is the sixth trade opening with Saudi Arabia in 2024, reinforcing strategic partnerships between Brazilian agribusiness and the Arab country. Previously, in 2024, Brazil had already gained access to the Saudi market with products such as vegetable seeds in March, live poultry in August, and flowers and hay more recently. Brazil, already consolidated as the world's largest cotton exporter, recorded significant growth in exports in 2024. In the first nine months of the year, the country traded US$3.68 billion and exported 1.90 million tons, surpassing the figures for 2023, when sales ...

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