Brazil´s agribusiness projected to grow 27% over next decade

According to Agribusiness Projections, Brazil 2019/20 to 2029/30, in the next decade, Brazil’s grain production is expected to increase by 27%, beef by 16%, pork, 27%, and chicken, 28%. This forecast is updated annually, with the most recent projection covering the period from 1994 to May this year. The study is carried out by the Secretariat of Agricultural Policy of the Ministry of Agriculture, Livestock and Supply, by the Secretariat of Intelligence and Strategic Relations of the Brazilian Agricultural Research Corporation (Embrapa) and by the Statistics Department of the University of Brasília (UnB).

In the projection for the next decade, Brazil will jump from the current 250.9 million tonnes in 2019/20 (according to a May / 2020 Conab survey) to 318.3 million tonnes – a 27% increase in national production. Cotton, the second corn crop, and soybeans are expected to continue driving growth in grain production.

Meat

Brazilian meat production (beef, pork, and poultry), between 2019/20 and 2029/30, is expected to increase by 6.7 million tonnes. The total volume of meat will rise from the current 28.2 million tonnes to almost 34.9 million tonnes, which means an increase of 23.8% in protein production in Brazil, with highlights for pork and chicken.

The research trend points to a jump from 14.1 million tonnes to 18.1 million tonnes of chicken for the next decade. Pork meat, from 4.1 million tonnes to 5.2 million tonnes, in 10 years. The forecast for beef is to go from 9.8 million tonnes to 11.4 million tonnes.

Exports

In the international context, Brazil should continue to be, together with the United States, one of the largest food producers and exporters. Considered a great supplier of quality food with sustainability to the world. In meat, there will be strong pressure from the international market, especially beef and pork, although Brazil continues to lead the international chicken market.  Brazil is expected to participate with almost 52% of world soy exports, 35.3% of chicken meat, 23.2% of corn exports, 22.7% of cotton, and 9.7% of pork exports.

Among the products highlighted in the increase in exports in the next decade are sugar, which will rise from 15.98 million tonnes in 2019/20 to 25.23 million tonnes in 2029/30 (up 57.9%) and cotton, with an increase of 41.6%. Corn exports are expected to rise from 34.5 million tonnes to 44.5 million in the period, up 29.1%.

Chicken is expected to increase by 34.3% in exports and pork meat 36.8%. Fruits also stand out, with an increase in exports of mango (57.6%), melon (47.6%), and apples (43.4%).

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