“In Brazil, agribusiness encompasses the small, medium and large rural producers and brings together activities to supply goods and services to agriculture, agricultural production, processing and distribution of agricultural products to the final consumer”, stated Flavio Maluf, President of Eucatex, businessman and executive.
The responsibilities of the Ministry of Agriculture, Livestock and Supply (MALS henceforth) would include: administration of public policies to stimulate agriculture, furtherance of agribusiness, and the regulation of services linked to the sector. Flavio ensures food security of the country’s population and production of surplus for export.It would only improve by strengthening the national productive sector and accepting the insertion of Brazil in the international market. MALS organizes the policies of 28 Sector Chambers and 8 Thematic Chambers that concern the productive sectors of Brazilian agribusiness. Learn more about Flavio Maluf at InfoMoney
Flavio mentioned that based on surveys from Brazilian Supply Company there is favorable trade balance of agribusiness balance regarding external sales of soybean complex grains meal and oil. It is expected to reach 119 million tons, increasing by 4.2% on previous crop. Brazil’s total export in 2018 for the first 6 months was 72 million tons of soybean (Conab projection). exceeding by 5.6% from last year’s reports. He also stated the first half of 2018, Brazil shipped 46.27 million tons of grain generating revenues from the US of $18.43 billion compared to 2017. It increased by 5.2% in quantity, 10.6% in exported value and the average increased by 5.1%.
On July 13, 2018 the Secretariat of International Relations of MALS announced results for Brazilian agribusiness showing a decreased number of 0.7% from June 2018 compared to June 2017, equaling to $8.17 billion. Four other segments have a significant share in agriculture exports. The four segments include; forest products (14.4%), meat (8.3), sugar-alcohol complex (7%) and coffee (3.9%). The European Union (second largest destination market for Brazilian agribusiness exports in June) increased sales of soybean meal ($94.70 million), pulp ($60.36 million), orange juice ($35.40 million) and green coffee ($17.64 million). Overall, Brazil promises increased results of agribusiness based on reports of 2017 vs 2018.