Brazil: Brazilian Agricultural Sector Thrives Despite COVID-19 Pandemic

While the Brazilian economy has faltered as a result of the widespread effects of the COVID-19 pandemic, most of the country’s agricultural sector has thrived. The rapid devaluation of the Brazilian real made the country’s agricultural exports attractive on the international market. Weak real also discouraged dollar-denominated imports and fueled internal demand for domestically produced agricultural products. Brazilian agriculture, working in tandem with government decision-makers, overcame early transportation hurdles to boost exports, while also maintaining internal supply. Although the country has not experienced food shortage or supply chain disruptions, some segments of the Brazilian population have faced increased food insecurity. Overall, Brazil’s agricultural sector appears well-positioned to weather the spread of COVID-19 and the post-pandemic period.

Brazil: Brazilian Agricultural Sector Thrives Despite COVID-19 Pandemic