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Brazil’s Executive Management Committee (Gecex) of the Foreign Trade Chamber (Camex) increased import tariffs for three dairy products and reversed the unilateral 10% reduction in the Common External Tariff (CET) for 29 other dairy products.
Brazil is the second-largest chicken meat producer in the world after the United States, and the largest chicken meat exporter in the world.
Post increased the forecast for 2023/24 cotton area planted to 1.67 million hectares (ha), an increase of just under one percent from the 1.66 million ha cotton area estimate for 2022/23.
Total Brazilian ethanol production for 2023 is estimated at 32.95 billion liters, an increase of seven percent relative to 2022 due to the expected increase in sugarcane production and the steady increase in corn ethanol production.
The Brazilian economy is slowly recovering from the negative impacts of the COVID pandemic on its GDP growth, employment rates, and in most sectors of the economy.
Post forecasts dairy production to increase by 2 percent in 2020, mostly driven by higher exports of dairy products and an increase in domestic demand attributed to economic improvement.
Post forecasts dairy production to increase by 2 percent in 2020, mostly driven by higher exports of dairy products and an increase in domestic demand attributed to economic improvement.
MY 2018/19 corn production is estimated at a record 101 MMT, 23 percent higher than the previous harvest, based on record area and yields.
Brazil’s Marketing Year (MY) 2019/20 sugarcane crush has been revised upward to 635 million metric tons (mmt) due to favorable weather conditions in the Center-south and the Northeastern....
Post forecasts soybean planted area at 36.5 million hectares in 2019/20, up negligibly on the 36.2 million hectares sown for the past crop.
The Brazilian economy continues to grow at a modest pace.