Flavio Maluf is one of the successful entrepreneurs in Brazil. Flavio was born into a wealthy family, with most of the wealth coming from the family-owned business, Eucatex Group. His father was also a businessman. Throughout his life, he has been a hardworking individual. He has also strived to acquire excellent business skills that he has used to establish his empire.
As a renowned businessman in Brazil, Flavio Maluf often issues business reports mostly relating to the state of Brazilian agribusiness. In July this year, Flavio Maluf announced that the agriculture sector had experienced a decrease of 0.7 percent as compared to July last year. Read more about Flavio at terra.com
The agricultural exports in June 2018 yielded $9.21 billion. Statistics showcased that 45.6 percent of Brazil’s total foreign sales this year. Soy represented 53.5 percent of the products exported in June. Other exported products were such as coffee 3.9 percent, forest products 14.4 percent, sugar-alcohol complex 7 percent, and meat 8.3 percent.
Flavio Maluf went ahead and stated that the Asian region primarily consumes the exported goods, specifically China. The major exports to the Asian region comprised of cellulose and soybeans.
The European Union also forms the most extensive economic block globally. The EU comprises of 28 countries, and it formed the second largest market for the agricultural exports from Brazil in June.
The Brazilian Supply Company surveyed the 2017/2018 harvest. They concluded that there was a favorable trade balance especially after the exportation of soybeans in large amounts. Flavio Maluf also states that the soybeans production will increase to 119 million tons. Additionally, the Brazilian Supply Company also projects that Brazil will export a total of 72 million tons of soybeans this year.
According to Flavio Maluf, in the first half of 2018, Brazil has exported 46.27 million tons of grains. The revenue generated from these exports amounts to $18.43 billion; this marked a 5.2 percent increase in the exported quantity and 10.6 percent in the value of exported products.
In Brazil, the Ministry of Livestock and Agriculture is responsible for the regulation of services linked to the agriculture sector, the management of public policies to enhance agricultural growth, and the promotion of agribusiness.