MDIC: Cargill overtakes BRF to become fourth-largest exporter in Brazil
International demand for grain, especially soybeans, was greater than the demand for meat in the first six months of this year. On the list of the 40 largest Brazilian exporters drawn up by the Ministry of Development, Industry and Foreign Trade (MDIC), Cargill has replaced BRF in fourth place. The food company has held the position since April, when Bunge - also driven by grain exports - was in third place.
In the first half of the year, Cargill's exports totaled US$ 2.655 billion, up by 20.55% compared with US$ 2.202 billion in the same period in 2012, while BRF's totaled US$ 2.611 billion, up by 109.32 % on the US$ 1.247 billion earned in the first six months of last year. Vale, Petrobras and Bunge occupy the first three positions, respectively.
JBS's exports from January to June earned US$ 1.575 billion, up by 25.75% on the US$ 1.252 billion it earned in the same period of 2012. The company remained in tenth place on the list of the top 40 exporters.
Seara Alimentos, owned by the Marfrig Group, dropped two places, to 23rd in the ranking. It exports fell by 9.02%, from US$ 885.821 million to US$ 805.916 million in the yearly comparison. Last month, Marfrig announced the sale of the Seara assets in Brazil to JBS. The deal, however, is still being completed, and is being reviewed by Brazil's antitrust body, CADE.
Exports by Minerva Foods earned US$ 554.715 million, up by 9.11% o the US$ 508.382 million it earned from January to June 2012. The company lost one place in the ranking in June, falling to 32nd place.
Information provided by Agência Estado