Flavio Maluf recently grabbed the headlines after offering his exceptional insight regarding Brazil’s economy. According to the seasoned entrepreneur, agribusiness results released by the Secretariat of International Relations of the Ministry of Agriculture for the month of June signified a 0.7% decrease compared to last year’s results. While the exports figures topped a whopping $9.21 billion, for both months in subsequent years, the agricultural sector depicted a substantial 45.65 % of the nation’s total foreign sales.
Alternatively, imports posted impressive growth to peak at $1.04 billion in June 2018 which represented a minimal decline by 10.1% over the same period last year. Flavio Maluf insists that such results painted a stark picture regarding frequent balances of trades culminating to $8.17 billion. Read more about Flavio Maluf at Wikipedia.
A Breakdown of Individual Commodity Performance
In essence, the total exports in the Brazilian agribusiness industry consumed a significant stake with overall exports amounting to 53.5%. Four other sectors yielding substantial revenue in agricultural exports included forest products (14.4%), sugar-alcohol complex (7%), coffee (3.9%) and meat (8.3%).
According to the celebrated entrepreneur, the Asian region specifically China wielded immense power and served as the prime destination for Brazilian exports for the last financial year. Suffice to say, shipments mainly consisted of cellulose and soybeans. China aside, the European Union has consistently developed to not only become an economic powerhouse but also the second largest destination market for Brazilian agro products. As a testament to their economic potential, the European Union spent a whopping $94.70 million from soybean meals and a substantial $60.36 million from orange juice.
According to verified statistics from the Brazilian Supply Company, improved trade balances elevated the external soybean sales. With soybean production expected to peak at 119 million tons, which represents a 4.2% on the previous yield, the Brazilian economy is undoubtedly poised for significant growth.
Flavio Maluf reiterates that Brazil had shipped a whopping 46.27 million tons of soybean grains and generated a subsequent $18.43 billion. At 5.2% increment, the average prices spoke volumes about the improved value and quantity.
Flavio Maluf in Brief
Flavio Maluf currently serves as the President and CEO of Eucatex, a leading enterprise specializing in the supply of skirting boards, vinyl floors, panels, and doors. Uniquely crafted from eucalyptus fiber, the company has pulled all the stops to deliver unrivaled products and services to its diverse clientele. Mr. Maluf also spends ample time serving as GrandFood Group’s President and boasts an exceptional resume including leadership posts at Citicorp and Golden Feeds.