The Agricultural sector in Brazil contributes about 45.6% of the foreign exports as Flavio Maluf points out. Exports have been valued at US$9.21 billion in 2017 and 2018, nonetheless, imports have declined with a margin of 10.1% during that period. This has been attributed to balance of trade in agribusiness produce. Read this article about Maluf at dino.com
Apparently, 2018 has seen the export market proportionately though profitably. Soy accounts for 53.5% of the total export, forest export at 14.4%, beef is at 8.3%, while sugar-alcohol and coffee are at 7% and 3.9% respectively. Maluf observes that China receives much of the Brazilian export while the European Union comes in second-soybean, green coffee, pulp among other products.
The Conab company that manages production of soybeans, projects that 72million tones will be produced this year which is an increase from previous years by 5.6%. reportedly, over US$18.43 billion have been received during the first half of 2018 from sale of 46.27million tones of the grain. Thanks to the harmonization of all stakeholders, Brazil has been able to promote and regulate this key sector of their economy. The Ministry of Agriculture, Livestock and Supply places emphasis on the organizational, market, scientific, environmental and even the technological aspects in agribusiness to be optimally productive. This integration has given Brazil a competitive edge over other competitors and strengthened their international, regional and local market.
About Flavio Maluf
Flavio Maluf is the CEO of Eucatex, a timber milling company that produces a wide range of products such as furniture, construction fittings among many others. He is also an executive figure at the Grandfood Company.
Mr. Maluf, is a trained and qualified mechanical engineer from the Armando AlvaresPenteado Foundation, but choose to venture into business rather than practice. He has been quite successful, his company recording outstanding sales under his leadership. Nevertheless, he advises people to be cautious in business, work hard dedicate themselves fully and be dynamic if they desire to be in business and be profitable. Flavio Maluf is from a very affluent background of politics but has worked hard to build an empire he is proud about today. He believes that a good entrepreneur should have an idea and not necessarily money.