Government and agribusiness want fruit on a new front for Brazilian exports

Published 2022년 3월 17일

Tridge summary

Brazil's fruit sector has seen record exports over the past two years, generating revenue of US$ 1.21 billion in 2021, a 20% increase from the previous year, with a record 1.24 million tons exported, an 18% increase. This growth coincides with high inflation rates, with fruits becoming 30% more expensive in two years. The government is supporting the sector's expansion into new markets, such as China, Russia, and other Asian countries, hoping to double production by conquering 1% of the Chinese market. However, the pandemic has posed challenges in establishing new shipping lines to China. The main producers are located in Northeastern states, with large export-oriented groups benefiting from irrigated systems. Despite being the third-largest fruit producer globally, Brazil is not a major exporter and only accounted for 2% of agribusiness exports in 2021.

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

Original content

Increasingly more expensive and less present on the table of Brazilians, fruits have become strategic products for agribusiness, accumulating export records during the last two years. Oblivious to the hunger that plagues at least 19 million people and the food insecurity that affects more than half of the population, the sector has the support of the government to make fruit the new front for exports. The peaks in sales abroad also coincide with the record high inflation, well above the general index, already at a high level. In two years, fruits became 30% more expensive in Brazil, according to the IPCA. In the same period, general inflation was 15%. In 2020, shipments of Brazilian fruit abroad had already exceeded one million tons, a result that was unprecedented for the sector. Last year, the sector celebrated US$ 1.21 billion in revenue, about 20% more than in the previous year. The volume exported also hit a new record: 1.24 million tons, an increase of 18%. These results ...

Source: Economia