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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.
U.S. exporters often reach out to our office with questions about market access and Brazil’s import regulations, finding legislation confusing and not transparent.
The National Biofuels Policy of Brazil, the RenovaBio program, is expected to be implemented in late December 2019. Over forty biofuel plants have requested the certification process.
Chicken meat production in 2020 will grow 2.5 percent to 13.975 million metric tons.