The Halal Market and Agribusiness Investment
The international trading market is currently quite favorable to commodity-producing countries such as Brazil. In recent months, the Bloomberg Commodity Index, which tracks daily the performance of main commodities, closed at US$89.49, 1.5% higher than it was at lhe end of 2017 and 6.73% higher than it was 12 months ago.
Brazilian exports of beef to Arab countries stood at US$189.75 million in thc first quarter of this year, a growth nf 37.6% when compared wilh the results observed in the same period last year. Over 48,000 tons were shipped during this period, an increase of 59% in this same comparison, according to data providcd by the Ministry of Devclopment, lndustry and Foreign Trade, compiled by the Arab-Brazilian Chamber of Commerce.
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