Brazil is currently focusing on the production of extra virgin olive oil. This oil, with lower acidity, is widely recognized as a specialty or premium product.
On the export front, the fall in international prices of soybeans, oil, and meat was the primary factor contributing to the decrease in Brazilian exports.
Since 2019, the Chinese government has applied anti-dumping tariffs of 17.8% to 34.2% on Brazilian chicken, depending on the exporting company.
The two markets come in addition to 11 others opened this year, bringing the total to 91 since the beginning of last year, the Ministry of Agriculture stated.
President Lula said it is in the government’s and the country’s interest for Brazilian companies to gain prominence in global trade. He is on a trip to the Middle East and took part in a presentation of Embraer products in Riyadh, Saudi Arabia.
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