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

Uncooked Pasta

Bakery & Bread

Brazil

Published Aug 20, 2020

Tridge summary

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.

Original content

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 exports of products from the Abimapi basket," said the association's chief executive, Claudio Zanão. The pasta category was the one that stood out the most in exports in the first half, due to the cost and longer shelf life. According to Abimapi, mass shipments soared 243% in value (to $ 12 million) and 395% in volume (to 14,000 tonnes), compared to the same period in 2019. El Salvador, Uruguay, Chile and Venezuela were the main ...

Source: NoticiasAgricolas