Brazil diversifies export basket and Venezuela increases food purchases

Caption: Corn harvest at Rio do Sangue farm, in Brasnorte (MT); corn is among the products most exported by Brazil Mauro Zafalon / Folhapress Countries that until then had a smaller share in the Brazilian market, such as Bangladesh, made food imports in excess of US $ 1 billion this year. Venezuela returned to the Brazilian food market and cooperated to increase domestic prices in Brazil. Venezuelan purchases totaled US $ 632 million from January to November, an increase of 161% compared to the same period last year. Purchases were mainly concentrated in sugar, rice and soy oil. These last two had a strong acceleration in the Brazilian domestic market due to exports. Venezuelans remain in a very deteriorating economic situation. In the middle of the year, they reduced hyperinflation, which has already accelerated again, but increased oil sales a little. Even with this evolution of purchases this year, Venezuelan imports in the Brazilian agribusiness sector are far removed from ...