Brazil: The studies show an upward trend in soybean sales to Arab countries

São Paulo - Soya sales from Brazil to the Arab countries are expected to go up, says a study from the Arab Brazilian Chamber of Commerce (ABCC). International prices are poised to increase in the next few years, and worldwide exports are also poised to climb. The MI Dept. ascertained that the product's market potential owes itself to its uses as human food as well as animal feed. The tax load on soya sales from Brazil to Arab countries is also considered to be light. No tax at all is levied on exports from Brazil to Saudi Arabia, Tunisia, Algeria and Egypt, which took in much of the product sold. Other potential markets named by the MI Dept. are Bahrain, Iraq, Jordan, Lebanon, Palestine and Sudan, where shopping habits are changing and income is expected to rise. Soya consumption is increasing very sharply relative to increments in income, especially in developing countries. The International Monetary Fund predicts that income will rise - and population will increase - in most ...