Brazilian agribusiness set a historical record for exports in the first half of 2020

Published Nov 13, 2020

Tridge summary

Brazilian agribusiness exports, which reached a record $52 billion in the first half of 2020, are expected to expand further with the inclusion of nuts, nuts, and dried fruits. The global consumption of these products has been growing at an annual average of 6%, with Brazil's exports predicted to reach $137 million in 2020. The sector faces challenges such as sanitary regulations, product registration, and competition from US subsidies, but also opportunities for increased added value through research and sustainable cultivation. The potential benefits include environmental positives, suitability for harsh terrains, and the nutritional and cosmetic uses of these products.

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

Original content

Brazilian agribusiness, which set a historical record for exports in the first half of 2020, with US $ 52 billion, as demonstrated by the Center for Advanced Studies in Applied Economics (Cepea), from Esalq / USP, may count on new protagonists for, alongside soy, cotton, sugar, meat, ethanol and cellulose, to expand further as a factor of trade surplus and supply in the country and in the foreign market. These are nuts, nuts and dried fruits, whose global consumption has grown at an annual average of 6%, according to the International Nut Council (INC). According to the sector's representative entity in Brazil, the Brazilian Association of Nuts, Nuts and Dried Fruits (ABNC / nuts), its annual exports were in the range of US $ 250 million in 2009, 2010 and 2011, but went on to fall in the following years. In 2020, the forecast is for them to close the year at US $ 137 million. The immediate challenges for the sector, both to increase production and foreign sales, are as follows: ...

Source: Portal Do Agronegocio