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The Ministry of Economy Released Data on the Trade Balance for 2020, Which Shows That Agriculture Reached Great Numbers in Exports
Last Monday, the Ministry of Economy showed data indicating that, over the last ten years, the agriculture sector has become increasingly important and accounts for a large part of the economy. From 2011 to 2020, the export value of the sector is close to 1 trillion dollars and the trade balance of the sector is 800 billion dollars. Exports not only affect the income and investment capacity of producers but also domestic prices, which in many cases begin to reflect external values.
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So far, the country’s evolution in number and variety of products in the market has not been fully developed, such that the share of agriculture exports accounted for 37% of the total trade balance in 2000, rising to 49% in 2020.
Producing and exporting food while relying on inputs, agriculture has allowed Brazil to transport 2.8 million tons of pesticides and 233 million tons of fertilizers to the border. The total spending on these inputs is US$ 99 billion.
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The state that supplies Brazil with 600,000 tons of onions annually is seeing its own farmers go bankrupt one after another because no one pays a fair price for the product. The situation became so critical that the government had to urgently freeze debts to prevent a wave of bankruptcies in rural Santa Catarina.
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The world’s largest manufacturer of gummy candies has definitively pulled out of Brazil, closed production in Bauru, laid off 150 employees, and now promises to supply the country with dwindling stocks, while the true reason for the abandonment remains a mystery that the company refuses to disclose.
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Supermarkets want to create hourly employment in Brazil to compensate for the end of the 6×1 shift system, and the proposal has already been submitted to the Minister of Labor by the sector.
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Increases in production and exports incorporate revenues into investment portfolios, thus increasing the investment capacity of producers in the sector.
Previously, the Ministry of Agriculture released the estimate of the Gross Value of Agricultural Production (VBP) of Brazil, which reached the mark of R$ 7.4 trillion in the decade. The VBP is the result of sales and prices of products obtained by producers.
In the domestic market, the VBP has evolved in all sectors of protein. But the most important is livestock: from 2011 to 2020, the revenue from livestock reached 1 trillion reais.
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