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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.

In 2018, Brazil’s food processing industry amounted to US$179 billion, positioning Brazil as one of the major global players in the sector.

Brazil’s MY 2019/20 sugarcane crush is estimated at 627 mmt, a relatively similar output compared to the MY 2018/19 crop (620 mmt).

Following several years of economic and political upheaval, Brazil closed out 2018 on a more even footing.

MY 18/19 corn production is forecast at 95 MMT, 18 percent higher than MY 17/18, on expanded area and excellent conditions for the safrinha crop.

Post forecasts that Brazil will maintain its position as an oilseed production powerhouse in the 2019/20 marketing year.

Post forecasts Brazil’s 2019/20 marketing year (MY) cotton area to reach 1.65 million hectares (ha), an increase of 5 percent compared to the current MY estimate of 1.57 million ha.