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In 2022, the Brazilian bovine sector is expected to expand its cattle production by 2.5 percent, driven by global demand, elevated beef prices, and the recovery phase that the sector is going through. Nevertheless, in 2022, increasing production costs, especially feed prices, general inflation, and unstable weather will pose serious challenges to cattle ranchers.
On Monday, March 21st, the Government of Brazil (GOB) decided to temporarily eliminate the import tariff of ethanol, as well as five other agricultural products (coffee, margarine, cheese, spaghetti, sugar, and soybean oil).
Hong Kong continues to take random tests on imports of chilled and frozen foods and their packaging for the COVID-19 virus.
Brazil is a powerhouse agricultural producer, ranking among the top three global exporters for a host of commodities. To support its massive agribusiness sector, Brazil relies on imported inputs, including fertilizers. Annually, Brazil imports over 80 percent of its total fertilizer needs.
Brazil's food retail sector continues to grow, creating an increasingly competitive environment for exporters.
The proposed reduction in the U.S. Renewable Fuels Standard for 2014 draws a mixed reaction from Brazilian industry, including the possibility of a legal challenge. Brazil: Biofuels
Although Brazil is a major agricultural producer, there are opportunities for U.S. companies to gain a share of Brazil’s $4.2 billion consumer-oriented food product market.
Post forecasts Brazil's milk production to increase by 2 percent in 2014, supported by a relatively strong Brazilian economy and higher domestic demand.
Post forecasts Brazil's 2014 production and exports of beef to increase by 2.5 and 6 percent, respectively.
Post forecasts Brazilian broiler production to rebound by 3 percent in 2014 to 13.1 million metric tons as a result of lower feed costs and higher exports.
Brazil is the world's second-largest producer of biotech crops. Post forecasts a 10-percent increase in area planted to biotech crops in the upcoming 2013/14 Brazilian crop year (October-September).
FAS Sao Paulo forecasts Brazilian coffee production for marketing year 2013/14 (July-June) at 53.7 million 60-kilogram bags, a 5 percent decrease.