Annual US Agriculture Forum predicts increase in Brazilian exports

Published 2023년 2월 27일

Tridge summary

The agricultural outlook report for 2032 presented at the Agricultural Outlook Forum 2023 in Washington D.C. forecasts a growth in Brazilian agricultural exports, including corn and soy, and maintains its leadership in beef and chicken exports, with an increase in pork exports, making it the third largest pork exporter in the world. The country is also projected to become one of the largest wheat importers by 2032/33. The report, presented by the USDA, addresses various aspects of global agriculture, including income, employment, innovations, crops, climate change, and international trade.

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Original content

Projections for exports of Brazilian agro products for the next 10 years remain favorable. Corn, soy, meat (beef, pork and chicken) are highlights of the agricultural outlook report for 2032 presented at the annual Agricultural Outlook Forum 2023 meeting, last week, in Washington D.C., in the United States. Foreign sales of corn from Brazil should increase from 47 million tons (2022/23) to 69.1 million in 2032/33. Brazil would then supply 30.7% of world exports, currently at 25.7%, and should equal the United States in the same year. The event, promoted by the United States Department of Agriculture (USDA), also highlights the growth of Brazilian soy shipments for the next decade. Exports will reach 130.4 million tons of grain, while the United States, 60.3 million tons, in a world total of 215.2 million tons. In this way, the country's participation in world soybean exports should increase from 53% to 60.6%, while the United States will have a decrease in its participation from ...

Source: Agricultura