Brazil must seek new markets to diversify its agri-exports, says Agriculture Minister Tereza Cristina
Brazilian Agriculture Minister Tereza Cristina said the South American country should explore new markets in order to diversify its foreign sales as agricultural exports are very “concentrated” in China citing the case of soybeans, of which around 80% is exported to China.
“Brazilian soy is very good, because it has more oil than soy produced in temperate countries, so it is more productive, it yields more. We have great opportunities there,” said Cristina said during an interview broadcast online.
“We are opening new markets, in countries that we had never exported and also products that we had never exported,” the minister said.
It should be noted that the farming is historically one of the principal bases of Brazil’s economy.