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Brazil: Brazilian Agricultural Sector Thrives Despite COVID-19 Pandemic
June 17, 2020
| Attaché Report (GAIN)
Insight and analysis from FAS's overseas offices on issues affecting agricultural production and trade.
Post forecasts that the cattle herd will grow four percent in 2021 and 2022, while beef production is forecast to decrease six percent in 2021, reaching 9.5 million tons Carcass Weight Equivalent (CWE), but increase two percent in 2022.
On July 15, 2021, Egypt’s Minister of Trade and Industry (MTI) signed Decree No. 322/2021. The decree renewed an earlier decision that extended the shelf-life validity period for imported frozen fish from six to nine months and of frozen beef liver from seven to ten months.
On August 17, 2021, the European Commission (EC) approved seven genetically engineered (GE) crops (3 corn, 2 soybean, 1 rapeseed, and 1 cotton) and renewed the authorizations for two corn and one rapeseed crop used for food and animal feed.
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While the Brazilian economy has faltered as a result of the widespread effects of the COVID-19 pandemic, most of the country’s agricultural sector has thrived. The rapid devaluation of the Brazilian real made the country’s agricultural exports attractive on the international market. Weak real also discouraged dollar-denominated imports and fueled internal demand for domestically produced agricultural products. Brazilian agriculture, working in tandem with government decision-makers, overcame early transportation hurdles to boost exports, while also maintaining internal supply. Although the country has not experienced food shortage or supply chain disruptions, some segments of the Brazilian population have faced increased food insecurity. Overall, Brazil’s agricultural sector appears well-positioned to weather the spread of COVID-19 and the post-pandemic period.
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Brazilian Has
