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Brazil’s Marketing Year (MY) 2021/22 sugarcane crop is estimated at 590 million metric tons (MMT), a decrease of ten percent compared to the final estimate for MY 2020/21 (657 MMT).
Post forecasts 2021/22 corn harvest at a record 118 million metric tons (MMT), up nearly 40 percent on the disappointing 2020/21 harvest estimated at 85 MMT.
In 2020, the Brazilian Food Service industry was severely impacted by COVID-19 and its turnover was BRL 365 billion (US$70.8 billion), a reduction of 21 percent compared to 2019.
Post forecasts 2021/22 cotton area planted at 1.45 million hectares (ha), an increase from the current harvest, but lower than the previous forecast.
On August 30, 2021, the Brazilian Ministry of Agriculture, Livestock, and Food Supply (MAPA) published the new Dairy Certificate model for U.S. exports into Brazil.
Post forecasts production at 14.72 million tons in 2022, growing three percent due to strong external demand and increased domestic consumption, both of which reached historical records this year.
The Brazilian Low Carbon market framework has successfully been set. Renovabio was implemented in late 2019 and has progressed well.
On August 28, 2021, the Brazilian Ministry of Agriculture, Livestock, and Food Supply (MAPA) began accepting the new Export Certificate model for U.S. exports of beef, beef products, and bovine offal into Brazil.
Post forecasts that the cattle herd will grow four percent in 2021 and 2022, while beef production is forecast to decrease six percent in 2021, reaching 9.5 million tons Carcass Weight Equivalent (CWE), but increase two percent in 2022.
Despite the impact of the coronavirus pandemic in the Brazilian economy, the retail industry registered a positive performance.
Brazil reached robust sales growth figures for wines in 2020, reaching 380 million liters or 15 percent higher compared to 2019.
On June 11, 2021, the Brazilian Ministry of Agriculture, Livestock and Food Supply (MAPA) issued a notice soliciting public comments on the “Plant-Based Regulatory Discussion.”