The results for agriculture business for June were announced in July as having had decreased by .7% compared to the previous year, according to an announcement by Flavio Maluf. Brazil’s exports in June reached $9.21 billion, which is 45.6% of the exports in Brazil. In comparison, their imports reached $1.04 billion.
Upwards of 50% of this exportation was in soy products in June. Other significant products in agricultural exports include meat, sugar, coffee, and timber. The main importer of these Brazillian goods is China, states Flavio Maluf. The most popular Brazillian products in the region are cellulose and soybeans. According to the announcement by Flavio Maluf, the EU is the second largest importer of goods from Brazil. Visit on his twitter for latest updates.
Flavio Maluf wrote that he expects soybean production to go up to 119 billion tonnes this year. According to these projections, 27 million tons of soybeans are expected to be exported this year of their crop. This would be 5.6% higher than the year before.
The Ministry of Agriculture, Livestock, and Supply of Brazil is responsible for promoting agribusiness, regulation of the industry, and bringing together the activities to supply the goods that are in demand. Agribusiness in Brazil does not only consist of the big company farms, it also includes the smaller businesses that distribute on a more local level. The Ministry works to support all of these businesses to ensure the success of the industry.
Flavio Maluf was born into a wealthy family that was involved in politics throughout his life. While he may have come from a privileged position, he still put in a lot of hard work to get to where he is today. A college graduate with a Mechanical Engineering degree, Flavio Maluf decided that he needed to work hard to make it as an entrepreneur.
For people who are wanting to join the business world, Flavio Maluf states that they should take caution. While some people assume that as a business owner they will make more money while having to do less work, Flavio Maluf insists this isn’t true. in order for a business to be great, an entrepreneur must be dedicated to their work.