Regional beans import from Brazil crosses $5m
Abu Dhabi, September 30, 2013
The export of beans from Brazil to the Arab countries has surpassed $5.52 million for the first seven months of this year, increasing by 276 per cent over the same period last year, according to a report.
Egypt accounted for the biggest share of the bean exports, receiving $4.5 million worth of beans from Brazil, followed by Algeria, UAE and Lebanon at $930,000, $80,000 and $10,000 respectively, said the Arab Brazilian Chamber of Commerce report.
The total revenues for international sales of beans during the period from Brazil accounted to $10.9 million, it said.
Dr Michel Alaby, secretary general and CEO of the Arab Brazilian Chamber of Commerce, said: “The significant increase in the export of Brazilian beans to the Arab nations clearly demonstrates the strategic importance of the Gulf region as a key food trade partner of Brazil. Recent figures point out to the scope of further growth in export volumes in the near future.”
Originally from Africa, the beans of the caupi kind were introduced to Brazil during the colonial period and are cultivated mostly in the Savannah region of Brazil. - TradeArabia News Service