July 26, 2012 by romulorc2013
Brazil agrifood exportsBrazil enjoys a low-cost resource base for agricultural production and has easily raised output by expanding area and increasing productivity.Production expansion has exceeded the rate of increase in consumer demand. The domestic agrifood industry – production agriculture plus processing and distribution of food products – has undergone a process of rapid modernization, fueled by policy changes as well as capital inflowswith accompanying transfer of new technology, and the development of supply chains. These changes have resulted in further reductions in production costs and greater efficiency, which in turn have increased exports. As a result, Brazil is an important trading partner and competitor of the NAFTA members and other Western Hemisphere countries.