Tridge summary
China is moving towards authorizing the export of grapes, avocados, and lemons from Brazil, potentially generating sales worth US$9 million. The country's fruit exports, which make up 1.03 million tons or 95% of the global production, are primarily focused on the European Union, the United Kingdom, and the United States. However, with a favorable exchange rate and growing demand for healthy food, exporters anticipate a 15% increase in foreign sales by the end of the year, reaching US$1 billion. Additionally, plant-based meat company NextGen is planning to enter the Brazilian market by 2022 or 2023, aiming for 15% to 25% of its global sales. Swedish meteorology company Ignitia has secured US$4.2 million in funding to launch its crop decision support services in Brazil, and agtech startup FarmBox aims to expand its management platform for rural properties to cover 2.8 million hectares by December.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
China is one of the targets of national fruit exporters. Phytosanitary protocols for grape, avocado and lemon are being discussed. “The process is more advanced in relation to grapes,” says Guilherme Coelho, president of the Brazilian Association of Fruit and Derivative Exporters (Abrafrutas). The expectation of the sector is to obtain authorization within a year and a half. There is sales potential of US$9 million. Opportunities for avocados in the United States and Japan are also being evaluated. “These are important ways to diversify the export agenda”, considers Flávio Bettarello, deputy secretary for Commerce and International Relations at the Ministry of Agriculture. Today, 95% of national fruit exports, of 1.03 million tons in 2020, are destined for the European Union, the United Kingdom and the United States. With the favorable exchange rate and the search for healthy foods, exporters intend to earn 15% more with foreign sales by the end of the year, reaching US$ 1 ...
Source: Abrafrutas
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