Annual US Agriculture Forum predicts increase in Brazilian exports

Maize (Corn)

Meat

Frozen Whole Chicken

Published Feb 28, 2023

Tridge summary

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.

Original content

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 33% to 28%, between 2022/23 and 2032/33. In the meat sector, Brazil will maintain its world leadership in beef and chicken, with an improvement in the position of foreign sales of pork, becoming the third largest exporter in the world, behind the European Union and the United States. Finally, the report ...

Source: Agricultura