Brazil VP Alckmin says country will become world’s largest food exporter by year-end

“Brazil is the fifth-largest country in the world by land area, but 60 years ago it was importing food. We should reach the end of the year as the world’s largest food exporter,” Alckmin said.

He highlighted the importance of foreign trade in driving economic growth, generating employment and expanding business opportunities. He also credited the country’s animal and plant health standards, alongside diplomatic engagement, for helping Brazilian agricultural products enter new markets.

Brazil’s agricultural export expansion has been supported by its large farming sector and strong international demand for commodities, including soybeans, coffee, cotton, orange juice and meat. The country has also strengthened commercial ties with China, a major buyer of its agricultural produce.

However, challenges remain. Brazil needs to diversify its export destinations and increase the share of processed, higher-value products in its export basket. Alckmin has also called for lower costs and less bureaucracy to improve the country’s competitiveness, as cited by Brasil 247.

The vice-president’s projection comes amid growing competition in global agricultural trade. Whether Brazil overtakes the United States by the end of the year will depend on export performance and the figures used to measure food and agricultural shipments. (ANI)

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