Brazil leverages breakthroughs in technology, productivity and safety to lead global agriculture and livestock market amid COVID-19
BRASÍLIA, Brazil, Aug. 3, 2020 /PRNewswire/ — Apex-Brasil (the Brazilian Trade and Investment Promotion Agency), together with its partners from the private sector, today shared critical insights outlining the country’s upward trajectory in agriculture and livestock production, despite recent challenges predicated by the COVID-19 pandemic. A series of seven factsheets highlights Brazil’s continued advancements in agricultural technology, productivity and safety, which have positioned the country to effectively manage through the current crisis and prepare for a post-pandemic future.
These factsheets come out at a pivotal moment when the global agriculture market has been severely impacted by COVID-19. In fact, there’s mounting evidence that suggests that an estimated 265 million people could face acute food insecurity by 2020 – up from an estimate of 136 million people prior to the pandemic. However, despite these alarming trends, Brazil’s agricultural growth is showing no signs of slowing down. According to IPEA (the Ministry of Economy’s Institute of Applied Economic Analysis), Brazil’s agricultural sector is estimated to grow by 2.5% this year, with some private sector analysts estimating it could reach as high as 3%.
Via PR Newswire