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Brazil’s economy was forecasted to suffer a sharp drop in 2020; however, the decline was far less than expected. Gross Domestic Product (GDP) declined 4.1 percent, reaching $1.4 trillion.
The Brazilian orange crop for Marketing Year (MY) 2021/22 is forecast at 405 million 40.8-kg boxes (MBx), equal to 16.52 million metric tons (MMT), an increase of 12 percent relative to the current season.
Post forecasts 2021/22 planted cotton area at 1.52 million hectares (ha), with production at 12.6 million bales (2.74 million metric tons – MMT), more than a 10 percent greater than the 2020/21 estimated production of 10.68 million bales (2.33 MMT).
Brazil is the second-largest producer of biotech crops in the world with 115 events approved. Post forecasts the total area planted to GE crops reached over 56 million hectares during the recently completed crop year of 2020/2021. Adoption rates for...
Brazil’s MY 2017/18 sugarcane crush remains unchanged at 645 mmt. Approximately 48.3 percent of the crop is expected to be diverted to sugar, as a consequence of the continued worldwide sugar deficit.
2016/2017 corn production is estimated at a record 97.7 million metric tons (mmt), a 46 percent increase from the previous year, based on expanded area and improved yields.
U.S. exporters who want to enter or expand in India’s market have an array of opportunities available due to the country’s growing population and increasing demand for food and agricultural goods.
This report outlines regulatory requirements for food and agricultural product imports into Brazil, including import procedures.
Brazil is one of the largest agricultural commodity producers in the world and is continuing to expand its production.