Despite Economic Woes Brazil’s Agribusiness Still Booming

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While the country battles challenges in several of its economic fronts, there is still one area that outperforms most other industries throughout the country – AGRIBUSINESS! 

The Rio Times mentions “The 2015 agricultural harvest in the country is expected to be 8.6 percent higher than that of 2014 according to the IBGE (Brazilian Statistics Bureau), totaling 210 million tons of oil seeds, cereals and vegetables.”

“Brazil’s agricultural sector has in the past few years been one of the driving forces in the country’s economy, registering record upon record harvest yields and opening up several new markets for Brazilian agricultural goods abroad. This year, the sector has been especially important to the Brazilian economy with its GDP growing by 1.8 percent during the second quarter in relation to the same period last year, while the Brazilian economy overall shrank by 2.6 percent.”

To read the entire article, click here.

Occasio team

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