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Brazil’s GDP reached R$6.6 trillion (US$2 trillion) in 2017. This represented not only an increase of 1 percent growth, but also a way out of the recession that hit Brazil in 2014.
Market year 2018/19 corn production is forecast higher at 95 MMT based on an expected return to normal yields and expanded safrinha area in response to higher prices.
Brazil’s MY 2018/19 sugarcane crush has been revised down to 610 million metric tons (mmt), due to dry weather in the major growing areas of São Paulo and Parana during the harvest season.
Post forecasts 2018/19 production at 123 million metric tons (mmt), a 3 percent increase on the previous season.
Post forecasts beef production in 2019 at 10.2 million metric tons, which is an increase of 3 percent.
The RenovaBio Program became the National Biofuels Policy of Brazil in December 2017, and more information about the creation of the program is slowly becoming available.
Post forecasts chicken meat production to increase by 2.3 percent in 2019 to nearly 13.9 million metric tons, boosted by a recovery in exports and increased domestic demand....
MY 17/18 corn production is estimated lower at 83 MMT, due to late-planted safrinha corn, reduced crop inputs, and dry conditions in some states.
On May 21, 2018, hundreds of thousands of Brazil’s nearly 2 million truck drivers began an 11-day strike to protest high diesel prices, a move that slowed Brazil’s economy....
Brazil has finally overcome the worst recession in its history. In 2017, the retail sector responded positively, expanding 0.8 percent.
Brazil continues to present opportunities for U.S. exporters of ingredients, with its food processing industry market estimated at $198 billion.
China’s food regulatory regime continues to evolve. In 2017, China issued numerous new regulations and measures to reflect the requirements introduced under the 2015 Food Safety Law.