Published On: Wed, Jan 21st, 2015

Arab consumption of Brazilian beef reaches USD 907 million in 2014

Arab consumption of Brazilian beef reaches USD 907 million in 2014

Arab consumption of Brazilian beef reaches USD 907 million in 2014

Brazilian beef exports to Arab countries soared by 8.7 per cent in 2014, with the region consuming USD 907 million worth of beef. Based on the latest figures released by the Arab-Brazilian Chamber of Commerce (ABCC), the significant increase demonstrated continuous strong trade ties between the Arab states and Brazil.

Egypt recorded the highest volume of beef export in 2014 followed by Algeria, Lebanon, United Arab Emirates and Libya. During the period, USD 526.07 million worth of Brazilian beef were shipped to Egypt, representing a 15.67 per cent increase over 2013’s USD 454.78 million. Algeria, for its part, experienced 13 per cent growth to reach USD 93.31 million in 2014 from last year’s USD 82.58 million. Lebanon’s 2014 growth hit a high 11.83 per cent, while United Arab Emirates’ beef trade rose to USD 76.18 million this year from USD 69.79 million.

Dr. Michel Alaby, Secretary General and CEO of Arab-Brazilian Chamber of Commerce, said: “The beef trade relations between the Arab countries and Brazil have continued to flourish over the years. Like in the previous quarters, Brazil’s strict adherence to the halal process, attention to high quality and competitive pricing are key drivers that are further reinforcing their ties. We expect to witness a stronger trade partnership between the South American country and Arab region next year as we, at ABCC, remain steadfast in our commitment to facilitate and introduce new trading opportunities to sustain the existing significant market growth.” For 2015, the country is predicted to exceed its 2014 record, with exports projected to reach USD 8 billion or 1.7 million tonnes.

Source : WAM News Agency for United Arab Emirates

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