An article by Terra has Flavio Maluf reporting the balance of the Brazilian agribusiness balance for the month of June. Flavio Maluf is the president and executive of Eucatex. The numbers have been released by the Secretariat of International Relations of the Ministry of Agriculture, Livestock, and Supply on July 13. In June of 2017 and 2018, the US exports reached $9.21 billion. Agriculture was a big part of that as it accounted for 45.6% of the amount. For June 2018, Soy accounted for more than half of the sector’s exports for that month at 53.5%. Find out more about Flavio at barbacenaonline.com
Four other sectors like Alcohol, meat, forest products, and coffee accounted for the other percentage. Flavio Maluf being the businessman and executive that he is pointed out that the Asian region, China, in particular, has been the main stop for Brazilian exports in the last year as well as the first half of 2018, along with the month of June. Shipments consisted of soybeans and cellulose. The European Union, on the other hand, was the second largest destination market for the Brazilian agribusiness exports for the month of June with an increase of soybean meal, orange juice, and green coffee. Soybean production is on the rise with the favorable trade balance of Agribusiness. Flavio Maluf believes that soybean production is expected to reach 119 million tonnes.
A projection by Conab states that Brazil’s total export for the year will reach 72 million tons of soybeans. This would be a projected increase, the same idea of Maluf. Flavio Maluf also emphasized that for the first half of 2018 Brazil had shipped 46.27 million tons of the grain for a big revenue of $18.43 billion, this is an increase as well. The individual also pointed out that the Ministry of Agriculture coordinates the actions and policies of 28 Sector Chambers and eight Thematic Chambers concerned with the productive sectors of Brazilian Agribusiness.