Browse Data and Analysis

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.

On November 18, the Brazilian National Energy Policy Council published a resolution to allow for the use of imported materials – either raw soybeans or soybean oil - in the production of biodiesel.

The ATO/Sao Paulo coffee production estimate for MY 2020/21 (July-June) remains unchanged at 67.9 million 60-kg bags.

Brazil's consumer inflation has been steadily rising over the summer and into the fall. The increase has, in large part, been fueled by spiking food and beverage prices.

Brazil's Agriculture Ministry (MAPA) issued a normative instruction meant to facilitate imports of genetically modified (GMO) corn and soybeans from the United States.