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In 2018, Brazil’s food processing industry amounted to US$179 billion, positioning Brazil as one of the major global players in the sector.
Brazil’s MY 2019/20 sugarcane crush is estimated at 627 mmt, a relatively similar output compared to the MY 2018/19 crop (620 mmt).
Following several years of economic and political upheaval, Brazil closed out 2018 on a more even footing.
MY 18/19 corn production is forecast at 95 MMT, 18 percent higher than MY 17/18, on expanded area and excellent conditions for the safrinha crop.
Post forecasts that Brazil will maintain its position as an oilseed production powerhouse in the 2019/20 marketing year.
Post forecasts Brazil’s 2019/20 marketing year (MY) cotton area to reach 1.65 million hectares (ha), an increase of 5 percent compared to the current MY estimate of 1.57 million ha.
FAS/Brazil facilitated over US$ 3 million dollars so far in 2016 in U.S. exports of milk powder to Brazil in response to a domestic shortfall.
Post forecasts broiler production to increase by three percent in 2017 to 14 million metric tons as a result of higher world demand for the Brazilian product.
The Brazilian ethanol-use mandate remains unchanged at 27 percent (E27).
A lower than anticipated domestic corn supply is forcing prices up, putting pressure on the pork and poultry sectors, and forcing the government to intervene.
The United States exported 836 million gallons of non-beverage ethanol in 2015, nearly all of which was used for fuel.