Exports of pasta, cookies and bread from Brazil jumps 73% in the first semester

Published 2020년 8월 19일

Tridge summary

Brazil's exports of processed food products, including biscuits, pasta, breads, and cakes, experienced a significant surge in the first half of 2020, with a 73% increase in volume reaching 71,000 tonnes. The revenue from these exports grew by 20%, totaling US $ 85.9 million. The pasta category led the growth, with a 243% increase in value and 395% increase in volume compared to the previous year. The devaluation of the Brazilian real also made Brazilian products more competitive in the international market. Notably, China, the United States, and Japan were the primary buyers in the industrialized bread and cake category, which saw an 85% revenue increase. Abimapi aims to surpass US $ 100 million in exports this year, with a projected average annual growth of 6%.

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Original content

By Nayara Figueiredo SÃO PAULO (Reuters) - Brazilian exports of industrialized biscuits, pasta, breads and cakes jumped 73% in the first half to 71,000 tonnes, driven by additional consumer demand during the quarantines against the Covid-19 pandemic. , said the Abimapi association. The sector's revenue grew 20% with foreign sales from January to June, to US $ 85.9 million, the association said in a survey obtained by Reuters. With social isolation contributing to keep demand strong in the domestic and foreign markets, the flour derivatives industry should continue with steady consumption of wheat in the country, even with cereal prices driven by the exchange rate. It is also worth mentioning that the devaluation of the real against the dollar made the Brazilian product more competitive in the international market. "Despite the scenario of instability, with the country's current economic situation and the high price of flour, the devaluation of the real reflected favorably on ...

Source: NoticiasAgricolas