Brazil's soy exports hit record in April, Arab market shows promise

In a study carried out by the Arab Brazilian Chamber of Commerce - CCAB - and released at the beginning of May this year, the expectation of an increase in Brazilian soybean shipments to the Arab countries was demonstrated. Much of this market potential for the commodity is due to the use of soy in the production of animal feed, since the Arab countries have been advancing in the production of animal protein, with emphasis on cattle breeding in Saudi Arabia, Qatar, Oman and Tunisia . Exports to the Middle East, in the first quarter of this year, resulted in US $ 157 million in revenue, with Saudi Arabia and Iran being the countries that most imported. The advance of vaccination against Covid-19 in the Arab countries represents a leveraging factor for exports from Brazil to the region, as the reduction in the number of cases makes it possible to strengthen economic activity. According to Omar Chahine, International Relations manager at Cdial Halal, for the expansion of the market ...