The reports showed that Brazil’s agriculture exports were down 0.7% this June from the June one year previous. Nevertheless, the country’s exports in that sector are actually on the decided upswing. Between January and June of this year, agriculture exports accounted for 45.6% of Brazil’s foreign sales, totaling $9.21 billion during that time. In June alone that dollar number totaled to $1.04 billion. The top agriculture export of Brazil is soy products (which includes grains, meal, and oil). By June of this year, it accounted for 53.5% of the country’s agricultural exports. Follow Flavio Maluf on Twitter.
The four agricultural export segments below it included forest products, meat, sugar-alcohol complex, and coffee. In the past year, Brazil’s leading foreign customer for exports has been China. Slightly second in this area has been the European Union, which includes 28 countries. Brazil’s total exports of soy products is predicted to reach 72 million tons. Flavio Maluf, CEO of Eucatex, says in the first half of this year Brazil exported 46.27 million tons of soy grain.
Most of Brazil’s exporting business is controlled by its Ministry of Agriculture, Livestock, and Food Supply. The main goal of this institution is two-fold: To provide food security for Brazil’s citizenry and to produce of surplus of goods for exporting.
The aforementioned Flavio Maluf is one of the biggest player’s on the Brazilian agricultural trade scene. LHowever, he decided to instead pursue a career in the family business, Eucatex. Through the next many years he ascended through the ranks, becoming CEO of the company in 1997.
In addition to his present role at Eucatex, Maluf is also the president of Grandfood. Many times he finds that he is trying to drive away the myth that you already have to have a lot of money in order to start a company.