Annual United States Agriculture Forum predicts increase in Brazilian exports

Projections for exports of Brazilian agricultural products for the next 10 years remain favorable. Corn, soybeans, meat (beef, pork and chicken) are highlights of the agricultural outlook report for 2032 presented at the annual meeting Agricultural Outlook Forum 2023, last week, in Washington D.C., in the United States. 

Brazil's foreign corn sales are expected to increase from 47 million tons (2022/23) to 69,1 million in 2032/33. Brazil would then supply 30,7% of world exports, currently at 25,7%, and should equal the United States in the same year.  

The event, promoted by the United States Department of Agriculture (USDA), also highlights the growth in Brazilian soybean shipments over the next decade. Exports will reach 130,4 million tons of grain, while the United States will reach 60,3 million tons, for a global total of 215,2 million tons.

In this way, the country's share of world soybean exports is expected to increase from 53% to 60,6%, while the United States will see a decline in its share from 33% to 28%, between 2022/23 and 2032/33. 

In the meat sector, Brazil will maintain world leadership in beef and chicken, with an improvement in the position of external sales of pork, becoming the third largest exporter in the world, behind the European Union and the United States. 

Finally, the report projects Brazil to still be an importer of wheat in the perspective of 2032/33. Imports are expected to reach 6,2 million tons. 

Outlook is a global event, having started as a technical forum, which brought together local stakeholders. In addition to topics of interest to American agriculture, such as income, employment, migration, innovations, harvests, climate change, international trade, it addresses other topics of broad interest. 

The presentations and discussions in this edition included more than 30 sessions, over two days (23 and 24 February) of discussions by experts from different regions of the world.