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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 forecasts beef production in 2021 at 10.5 million metric tons, which is an increase of 4 percent. The main drivers are solid exports, mostly to China, and improved domestic demand.

Following China’s detection that a surface sample of chicken wings imported from Brazil tested positive for coronavirus, the Hong Kong government has suspended the license application for products...