Business & Economy

Brazil aims to export $92 billion in agribusiness projects

São Paulo, Dec 14 (EFE).- Brazil, a global leader in food production and the world’s top exporter of corn, soybeans, coffee, orange juice, and sugar, anticipates reaching a record $92 billion in foreign sales by 2024 through agribusiness promotion projects.

“Our estimate is to close 2023 with $89 billion in exports from our projects. But we aim to reach $92 billion in 2024, setting another record,” Laudemir Müller, Agribusiness Manager at the Brazilian Trade and Investment Promotion Agency (ApexBrasil), told EFE.

Currently, 21 ongoing sectoral projects by ApexBrasil and partner institutions aim to boost the Brazilian agro-industry in the international market. Six more agreements are expected to be signed in 2024, each lasting an estimated two years.

“ApexBrasil’s expectation for next year is to support about 2,254 entrepreneurs, producers, and cooperatives from the Brazilian agro-industrial sector looking to enter the international market,” said Müller.

Future Outlook

Between 2024 and 2026, around 240 million reais (approximately $48.3 million) will be invested in initiatives to connect the agro sector with markets in 38 countries. ApexBrasil will fund over $30 million of this amount. Promoted products include coffee, rice, pasta, bread, fruits, sweets, chocolates, dairy, corn, meat, ethanol, wine, and cotton.

New agreements and renewals will focus on ESG pillars like gender equality, regionalization, particularly in Brazil’s north and northeast regions, and sustainability, following new policies implemented since President Luiz Inácio Lula da Silva took office in January.

“Brazil has unimaginable potential”

“The idea is to build a bridge between the companies, producers, and cooperatives we support and buyers from various countries without neglecting our guidelines, which are sustainability, gender equity, regionalization, and image,” Müller pointed out.

Jorge Viana, President of ApexBrasil, highlighted in a statement that “Brazil has changed,” setting an example in sustainable practices and combating the climate crisis.

“Brazil possesses the strength and unimaginable potential to address these global crises. Whether it’s our energy matrix model or green and blue hydrogen proposals, ethanol, corn, or sugar cane. No one matches us in this respect,” he added.

Analysis and Planning

According to ApexBrasil, from January to August 2023, Brazil recorded $225.4 billion in exports, a historic high for the country’s foreign trade. The manufacturing industry accounted for 52.4% of exports, while agriculture and mining represented 25.5% and 21.5%, respectively.

Over the past 40 years, Brazil has seen a 386% increase in major crop production, with a 33% expansion in planted area, thanks to a “modern, efficient, sustainable, and highly competitive agricultural sector committed to conservation practices and sustainable resource use.”

I National Agro Meeting

To discuss the current context of agro-industrial exports, promote dialogue, and devise strategies to propel the sector on the global stage, ApexBrasil, in collaboration with the Ministry of Agriculture and Livestock, organized the I National Agro Meeting in November.

The event in Brasilia brought together sector entities, government representatives, Brazilian agricultural attachés from 28 posts worldwide, and other authorities to debate topics like grains, fibers, fruits, animal protein, challenges for the high-value-added food industry, and the international market image of Brazilian agriculture.

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