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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.
Post revised the 2015 outlook for production, consumption and exports of beef and pork, respectively.
Post maintains the 2018/19 marketing year (MY) forecast of just over 36 million hectares (ha) of area planted, but the soybean production forecast is reduced to 115.5 million metric tons (mmt).
Chicken meat production is forecast to grow 1.8 percent in 2019 to nearly 13.6 million metric tons.
This report identifies Brazil’s import requirements for foreign export certificates.