Browse Data and Analysis

Brazil’s economy was forecasted to suffer a sharp drop in 2020; however, the decline was far less than expected. Gross Domestic Product (GDP) declined 4.1 percent, reaching $1.4 trillion.

This report outlines Bermuda’s certification requirements and includes an Export Certificate Matrix as well as examples of select Export Certificates. U.S. Exporters may also refer to the 2021 Bermuda FAIRS Country report for more information on import requirements for food and agricultural products.

The United States is far and away Bermuda’s main agricultural trading partner, accounting for nearly three quarters of its imports of agricultural and related products.

The Brazilian orange crop for Marketing Year (MY) 2021/22 is forecast at 405 million 40.8-kg boxes (MBx), equal to 16.52 million metric tons (MMT), an increase of 12 percent relative to the current season.

Post forecasts 2021/22 planted cotton area at 1.52 million hectares (ha), with production at 12.6 million bales (2.74 million metric tons – MMT), more than a 10 percent greater than the 2020/21 estimated production of 10.68 million bales (2.33 MMT).

Brazil is the second-largest producer of biotech crops in the world with 115 events approved. Post forecasts the total area planted to GE crops reached over 56 million hectares during the recently completed crop year of 2020/2021. Adoption rates for...

Biosafety regulatory efforts in the Caribbean remain stalled, and it is yet to be seen whether countries can regain the will and secure the international financing required to fully implement their National Biosafety Frameworks in a harmonized manner.

The Agricultural Trade Office (ATO)/Sao Paulo estimate for the Brazilian coffee production for Marketing Year (MY) 2021/22 (July-June) remains unchanged at 56.3 million 60-kg bags, a significant decrease of 19 percent compared to last year’s record output of 69.9 million bags.

On November 5, Brazil announced a unilateral 10 percent reduction of import tariffs on 87 percent of all goods and services until December 31, 2022. Agricultural products are on the list of reductions, including ethanol – which was lowered by 10 percent from 20 percent to 18 percent.

Post increased its forecast for soybean planted area to 40.5 million hectares for 2021/22, up from 39 million hectares in 2020/21.

Post estimates milk production in 2021 will decrease by 0.5 percent, to 24.85 million metric tons (MMT). In 2022, production is forecast to grow one percent, reaching 25.1 MMT.

Brazil’s Marketing Year (MY) 2021/22 sugarcane crop is estimated at 590 million metric tons (MMT), a decrease of ten percent compared to the final estimate for MY 2020/21 (657 MMT).