Brazil's tobacco exports are expected to increase in 2021

Published 2021년 4월 28일

Tridge summary

The article highlights the key points discussed at the 63rd Ordinary Meeting of the Sectorial Chamber of the Tobacco Productive Chain, which took place on April 28, 2021. The meeting was attended by around 30 representatives from the tobacco sector and other entities, and was held virtually. Iro Schünke, the president of the Interstate Tobacco Industry Union (SindiTabaco), provided an update on the prospects for tobacco exports in 2021. According to a Deloitte study, there has been a significant increase in tobacco export volumes and revenues compared to 2020. The meeting also covered other topics such as the production status, administrative and tax reforms, and the approval of new tobacco products. Additionally, the article provides an overview of Brazil's tobacco export market, which is the largest in the world since 1993, with the European Union being the primary destination for Brazilian tobacco exports.

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

Original content

Tobacco exports were on the agenda of the 63rd Ordinary Meeting of the Sectorial Chamber of the Tobacco Productive Chain this Wednesday, April 28, when about 30 representatives of the tobacco sector and other entities, met virtually. The president of the Interstate Tobacco Industry Union (SindiTabaco), Iro Schünke, presented the prospects for tobacco exports for 2021. Research carried out by Deloitte, at the request of the union, points out that shipments should increase from 2.1% to 6% in volume and from 6.1% to 10% in dollars in relation to 2020, when 514 thousand tons were exported, totaling US $ 1.638 billion in foreign exchange. From January to March, according to data from the Ministry of Economy, the shipment of 134 thousand tons generated foreign exchange of US $ 418 million, a revenue that represents an increase of 19% compared to the same period of 2020. “Brazil has managed to maintain an annual export of around 500 thousand tons, which demonstrates a stability in the ...

Source: NoticiasAgricolas