India surpassed Brazil in Terms of Food Supply: Big news has come for the country on the export front. India has overtaken Brazil in exporting food to Arab countries and this has happened for the first time in the last 15 years. Arab Brazil Chamber of Commerce has given this information. The reason for this happening for the first time in 15 years is that due to the Kovid-19 epidemic, trade flow was interrupted in the year 2020.
Arab countries are one of the most important trading partners for Brazil, but the distance between Arab countries and Brazil due to the Kovid epidemic has affected global logistics services. Due to this, Brazil lagged behind India in terms of exporting food.
According to the data released by Brazil, the share of Brazil’s total agri business going to 22 league members was 8.15 percent. Whereas India has captured the market of 8.25 percent in this trade.
India has well established its dominance in this market while Brazil’s influence in this matter has diminished.
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