Flavio Maluf Discusses June Results of Brazilian Agribusiness

The results for Brazilian agribusiness exports for June 2018 were announced on July 13th. According to the Ministry of Agriculture, Livestock and Supply, the figures show a net decrease of 0.7% compared to June of last year. The agricultural sector represented 45.6% of Brazil’s total foreign sales for June 2018.

Flavio Maluf, president of Eucatex, states that agricultural exports for June were $9.21 billion USD, which matches the exports for June 2017, but agricultural imports for June of this year were $1.04 billion USD, resulting in the net decrease of 0.7%. The import figures for June 2018 reflect a 10.1% decrease compared to the same period last year, resulting in a net export value of $8.17 billion USD. Read more about Flavio Maluf on Crunchbase

Soy and soy products account for just over half of Brazil’s agribusiness exports in June. Other significant exports in this industry are forest products, meat, sugar-alcohol complex and coffee. These five sectors comprise 87.1% of Brazil’s agribusiness exports in June of this year.

According to Flavio Maluf, the top export destinations for Brazilian agribusiness are Asia (primarily China) and the European Union. Soybeans and cellulose account for the majority of Asian receipts, which have been steady. In the European Union, however, sales of soybean meal, pulp, orange juice and green coffee increased by a total of $208.10 million USD.

Brazil’s soybean production is expected to increase by 4.2% this year, amounting to 119 million tons. The favorable trade balance of soybean complex (which includes soybean grains, meal and oil) indicate that export volume will approach 72 million tons, an increase of 5.6% over the previous period. Flavio Maluf also stresses that the average price increase of 5.1% resulted in a 5.2% increase in quantity and a 10.6% increase in export value during the first half of 2018, as compared to the same period in 2017.

Maluf also points out that the Ministry of Agriculture, Livestock and Supply oversees the many aspects of Brazilian agribusiness as well as promote food security, sustainable development and market competitiveness.

Find out more: http://blogdoronco.blogspot.com/2014/05/empresario-flavio-maluf-prestigia.html

 

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