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Projections for Brazilian agricultural exports for the next 10 years remain favorable. Highlights from the agricultural outlook report for 2032 that were presented at the annual Agricultural Outlook Forum 2023 include projections for corn, soybeans, and meat (beef, pork, and chicken).
Brazil's foreign sales of corn are expected to increase from 47 million tons (2022/23) to 69.1 million tons in 2032/33. Brazil would then supply 30.7% of world exports (currently at 25.7%) and should match the United States in the same year.
The country's share in global soy exports should increase from 53% to 60.6%, while the United States will see a decrease in its share from 33% to 28%, between 2022/23 and 2032/33.
In the meat industry, Brazil will maintain its leading position in beef and chicken globally, with an improvement in the position of foreign sales of pork, becoming the third-largest world exporter, behind the European Union and the United States.
February 28, 2023 /MAPA /Brazil.
https://www.gov.br
