Brazil: Brazilian company wants to start cattle auctions in Angola

20 May 2008

Sao Paulo, Brazil, 20 May – Brazilian auction company, Nova Leilões plans to launch a number of cattle auctions in Luanda this year, after holding the first of its kind in Angola in April, the director of the Brazilian company told Macauhub Monday in Sao Paulo.

“Our aim is to disseminate cattle breeding in Angola and, for that, we plan to carry out several auctions in Luanda. The ide ais to carry out the second of the year in the second half and in 2009 start with a plan for more events over teh 12 months,” said José Eduardo Matuck.

Nova Leilões organised a cattle auction in Luanda on 6 April, in partnership with Brazil’s Muguidjana, a Thand Vantu group subsidiary, which in 1991 began mining activities in Angola and currently has interests in Portugal, Brazil and Mozambique.

“Muguidjana has 25 million head of cattle in Brazil and has started taking some over there to start the process of adaptation of teh animals, which I believe will not be a problem because the climates are very similar,” he said.

According to Nova Leilões, last month’s event in the Angolan capital was a success and cattle of the Brahman, Guzerá and Nelore breeds were auctioned off.

“We had 16 buyers and Sales exceeded expectations, as the auction brought in US$1.8 million whilst we expected US$800,000.”

According to Matuck, who said that the event had the support of the Angolan government, another aim is to encourage cattle farming in the country.

Nova Leilões, which has 18 months’ experience in the Brazilian mrket, is headed up by Matuck, who has 27 years’ experience of auctioning cattle of every breed.

The company, which is headquartered in Sao Paulo, held over 90 events in the sector last year, exceeded projections for the year by 40 percent. (macauhub)

MACAUHUB FRENCH