On July 13, the result of the month of June for exports of Brazilian agribusiness was announced by the Secretariat of International Relations of the Ministry of Agriculture, Livestock and Supply. The figures showed a decrease of 0.7% compared to the same month last year, reports the president of the companies Eucatex, the businessman and executive Flavio Maluf.
In June 2018, exports to the United States reached $8.17 billion. In June 2017, the sector’s exports to the U.S. totaled $9.21 billion. The agricultural sector encompasses 45.6% of the country’s total foreign sales in the month, this year. Regarding imports in the sector, they reached US $ 1.04 billion in June 2018 – a number that also decreased by 10.1% from the same period last year. Visit dino.com to learn more
The total of exported agribusiness was segmented into soy, forest products, meat, sugar-alcohol complex and coffee. Soy represented more than half of the sector’s exports in the month – it reached 53.5%. The four other segments already mentioned also have a significant share in agro exports.
The destinations of the agribusiness exports are high in the Asian region where they took possession of soybeans and cellulose. The European Union is the next export destination for the Brazilian agribusiness, with requested for soybean meal, pulp, orange juice and green coffee.
Flavio Maluf presents figures based on the latest survey done by the Conab (CompanhiaBrasileira de Abastecimento) regarding the 2017/2018 crop, that there is a favorable Agribusiness Trade Balance. Soybean production is expected to reach 119 million tons, up 4.2% on the previous crop. Conab is also projecting that Brazil’s total export for soybeans this year will reach 72 million tons. This would exceed the volume of the previous period by 5.6%.
Flavio Maluf stresses that Brazil has shipped 46.27 million tons of the grain, generating revenues of $18.43 billion. This is an increase 5.2% in quantity and 10.6% in the exported value, in the first half of the calendar year.
The Ministry of Agriculture, Livestock and Supply of Brazil has three main responsibilities: the management of public policies to increase agriculture in Brazil; the encouragement of agribusiness; and the regulation of services regarding the agriculture business in Brazil. Flavio Maluf indicates that the Ministry of Agriculture, Livestock and Supply ministry also coordinates the policies of the 28 Sector Chambers and the eight Thematic Chambers that are concerned the productive sectors of Brazilian agribusiness.
In summary, purpose of the Ministry of Agriculture, Livestock and Supply to encourage the food production for both the country and for extra food that can be exported to the international market for profit.