Brazilian agribusiness will grow more than 20% in the decade

Published 2020년 7월 28일

Tridge summary

Brazil's agricultural sector contributes significantly to the country's GDP and employment. Exports are projected to reach a record $106 billion this year and are expected to grow further in the next decade. The Midwest and North regions are expected to see the most growth. Grain production is set to increase by 27%, and meat production by 23.8%. However, the report emphasizes the need for infrastructure development, research investment, and financing to support this growth. The United States Department of Agriculture predicts that Brazil will dominate various export markets by 2029-30. The report also highlights the role of family farming in Brazil's agriculture.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazilian agribusiness accounts for 21% of the Gross Domestic Product (GDP) and 20% of jobs in the country. Brazil exports to more than 200 countries and is the third largest exporter in the world of agricultural products, which could break a record of around US $ 106 billion this year. And it can improve even more in the decade to come. A study published by the Map this Tuesday (28) points the projections for the agribusiness in the decade 19/20 until 29/30. The regions that are most likely to grow are the Midwest (33%) and the North (30%), with emphasis on expanding new areas. Among the big producers, Mato Grosso should continue to lead the expansion of corn and soy production in the country. Matopiba should also play an important role, with production of 32.7 million tons of grain. In grain, production is expected to jump from 250 million tons to more than 318 million tons, an increase of 27%. The area planted with grains is expected to expand from 65.5 million hectares to 76.4 ...

Source: Agrolink