Brazil’s economy expanded in the third quarter at its fastest pace since early last year, official data showed on Tuesday, with 0.6% growth over the previous quarter driven by a strong performance in agriculture and a sharp rebound in the industry. Upward revisions to previous figures for the first two quarters this year meant that…
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Brazilian government statistics in Brasilia show that China largely stopped buying U.S. soy during the extended trade dispute and boosted imports from Brazil, buying nearly 80% of the country’s soy crop in 2019. Brazil could therefore lose some recent gains it made in the global soy market during the US-China trade war if those two…
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Although corn production for 2019-20 in Brazil is estimated at 99 million metric tons flat on the December estimate and slightly down from the 100mn t record seen last year, the Governments crop supply agency CONAB, communicated eralier this week. Conab however does not rule out possible yield losses due to uneven rainfall in the southern…
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Brazilian agriculture is well diversified, and the country is largely self-sufficient in food. Agriculture accounts for 8% of the countries GDP, and employs about one-quarter of the labour force in more than 6 million agricultural enterprises. Brazil is the world’s largest producer of sugarcane and coffee, and a net exporter of cocoa, soybeans, orange juice,…
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Financial and political turmoil that have Brazil on the brink of a depression is also contributing to one of the best years ever for domestic farmers. Economic stress and a weak currency has facilitated export revenue for everything from soybeans to beef to coffee. Even as global surpluses spark a commodity slump, the drop in…
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