Global Arab Network | Brazil Exports $ 175 Million Wheat to Arab World

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Brazil Exports $ 175 Million Wheat to Arab World

Global Arab Network - - Amina Murtada

Wednesday, 16 March 2011 22:53

Sao Paulo - Revenues from exports of Brazilian wheat to the Arab countries reached US$ 175 million in the first two months this year . In the whole of last year, revenues totalled US$ 37 million, according to the Brazilian Ministry of Development, Industry and Foreign Trade.

The hike in wheat prices influenced the increase in sales to the region. This year, the commodity is selling for 35% to 40% more than in 2010. Out of all the Brazilian wheat sold to the Arab market, US$ 93 million were shipped to the region in February and the remainder in January, "Brazil-Arab" news agency reported.

The top buyer in the Arab world was Algeria, which spent US$ 80.7 million , followed by Libya, which spent US$ 22 million, Tunisia, US$ 20 million, Egypt, US$ 18 million, and Sudan, US$ 9 million. Syria, Morocco, the Emirates and Yemen have also purchased Brazilian wheat.

Global Arab Network

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