Brazil’s Agribusiness Had Banner Year with US$ 60 Billion Trade Surplus

Papaya plantation in Brazil The agribusiness sector in Brazil should end this year with a US$ 60 billion trade surplus, equivalent to growth of US$ 10.3 billion compared with the surplus recorded in 2007. The figures, supplied by the Brazilian Ministry of Agriculture, Livestock and Supply, also show that this year, foreign agribusiness sales should reach US$ 72 billion, an all-time high in the sector's history.

According to the Foreign Relations secretary at the Ministry of Agriculture, Célio Porto, the steady growth of agribusiness exports and of the trade surplus are consequences of the fact that in recent years, Brazil has proven itself capable of seizing opportunities to break into new markets.

For that reason, Porto believes that even in the face of the financial crisis, the country will continue to be a leading exporter of agricultural products. "Whenever prices go down, as is the case now, few countries are as competitive as Brazil is and, historically speaking, national agriculture has always perceived depreciated exchange as a form of encouragement," he explained.

To the Foreign Relations secretary at the Ministry of Agriculture, 2008 was a great year for the sector. The high prices of foodstuffs, prior to the world economic crisis, have helped the country to attain record-high exports.

Porto points out as contributing factors to high pricing, besides speculation, key factors such as the rising demand in Asia, especially in China, the effects of climate change on agriculture, the use of agricultural products, such as corn and oleaginous plants, for production of biofuels in United States and Europe, respectively, and low inventories.

In order to insert agribusiness into the foreign market even further, the Foreign Relations Secretariat promoted, in 2008, 22 international missions turned to commerce and meetings with agricultural sector authorities.

"We started with the United Arab Emirates and Saudi Arabia, in February, and ended with China, in December," said the secretary.

He highlights the trips taken to Japan, the United States, South Korea and Russia. In the area of support to foreign missions, the Secretariat received 23 visits, among them those of the ministers of Agriculture of Japan, Masatoshi Wakabayashi, and of Russia, Alexey Gordeev.

The schedule of the Secretariat in 2008 also included participation in four Agricultural Advisory Committees (AACs) with Indonesia, the United States, Canada and South Korea, and in meetings of 18 committees or workgroups of Codex Alimentarius, with work yielding good results in the fields of dairy products, meats, oils and sugar.




You May Also Like

Brazil Alerts That 60% of World’s Natural Resources Are Being Misused

At least 60% of the world’s fresh water, sea life, soil and climate have ...

Brazil Approves Purchase of Valtra by AGCO

U.S.-based AGCO Corporation, a global manufacturer and distributor of agricultural equipment, announced today that ...

This Brazilian’s Promise: To Become the Richest Man on the Planet

Brazil’s billionaire Eike Batista said that he expects to become the world’s richest person, ...

Court of Audit Finds Chaos in Brazil’s Nuclear Installations

Published this weekend by Rio daily O Globo, a report by a Brazilian official ...

Gisele Bündchen Spares Charm in Her Undies, But Government Wants to Ban Her Act

The world’s most famous model, Gisele Bündchen, is a familiar figure in Brazilian magazines, ...

Moraes Moreira’s Selected Discography:

Since the last census in 1991, the population of Brazil has increased by 1.6 ...

A Mercosur summit on July 2006

Brazil and Neighbors Start Bank and Take Steps for Common Currency

Paraguayan President Nicanor Duarte and Mercosur ministers of Economy and Foreign Affairs decided Tuesday, ...

Brazil: The Thorny Courtship Between Mercosur and EU

Mercosur, the Common Market of the South – a customs union between Brazil, Argentina, ...

Foreign Capital Having a Field Day in Brazil

The Report on Foreign Investment in Latin America and the Caribbean, 2004, prepared by ...

US Prize Winner Brazilian Environmentalist Favors Family Farming in the Amazon

TarcÀ­sio Feitosa, a social activist from the Terra do Meio ("Middle Ground") region of ...