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In 2021, the Brazilian foodservice industry reached revenues of BRL 460 billion (USD85.2 billion), a growth of 26 percent compared to 2020. Although many challenges are still present, the forecast for 2022 is at 18 percent growth compared to 2021.

Post forecasts an increase in cattle production by 2.8 percent in 2022 and one percent in 2023, driven by global demand, elevated beef prices, and a general trend of expansion in the sector. Nevertheless, increasing production costs, especially feed prices, inflation, and unstable weather are expected to pose challenges to cattle ranchers.

Post increased its forecast for soybean planted area to 42.8 million hectares for 2021/22, up previously from 42.5 million hectares. Brazil continues to expand its area due to record high domestic soybean prices. Post forecasts a record harvest at 148.5 million metric tons (MMT), increased from 144 MMT previously with planting starting earlier this year as well.

Post forecasts 2022/23 cotton area planted at 1.65 million hectares (ha), an increase of just over one percent from the 1.63 million ha cotton area estimate for 2021/22. Post’s forecast is based on expectations that despite challenges, such as risings costs and tightening margins, Brazilian producers are optimistic about the crop’s prospects, and eager to continue growing the sector.

Brazil’s Marketing Year (MY) 2022/23 sugarcane crop is estimated at 621 million metric tons (MMT), an increase of eight percent compared to the final estimate for MY 2021/22 (576 MMT), supported by better weather conditions vis-à-vis the previous year. Sugar prices remain attractive and sugar-ethanol plants have focused on sugar production as opposed to ethanol. Brazilian exports for MY 2022/23 are estimated at 28.2 MMT, raw value, an increase of 2.25 MMT relative to the previous season.

On February 22, 2021, South Africa's International Trade Administration Commission (ITAC) initiated antidumping duty investigations on bone-in chicken imports from...

Bovine semen exports from the United States to Brazil reached a record in 2020, and expectations are that 2021 could be another record year.

Post forecasts that the cattle herd will grow at three percent in 2021, and beef production is also forecast to increase three percent, reaching 10.4 million tons Carcass Weight Equivalent (CWE).

Brazil is perhaps best known as a major competitor for U.S. agricultural exports, but U.S. exports to the country have grown three-fold over the last 30 years, topping US $1.1 billion...

Post forecasts chicken production at 14.15 million tons in 2021, growing at a two percent rate due to strong external demand and increased domestic consumption.

On January 20, 2021, Brazilian President Jair Bolsonaro sent newly inaugurated President Biden a letter noting that Brazil has demonstrated its commitment to the Paris Agreement.