Executive Summary ........................................................................................................................................ 6
SWOT Analysis ................................................................................................................................................ 8
Brazil Agricultural SWOT ..................................................................................................................................................................................... 8
Brazil Political SWOT ......................................................................................................................................................................................... 9
Brazil Economic SWOT ..................................................................................................................................................................................... 10
Brazil Business Environment SWOT .................................................................................................................................................................. 11
Industry Forecast Scenario ........................................................................................................................... 12
Brazil Livestock Outlook .......................................................................................................................................................................................... 12
Table: Brazil – Poultry Production, Consumption & Trade ............................................................................................................................... 13
Table: Brazil – Pork Production, Consumption & Trade.................................................................................................................................... 13
Table: Brazil – Beef & Veal Production, Consumption & Trade ......................................................................................................................... 13
Table: Brazil – Poultry Production, Consumption & Trade ............................................................................................................................... 18
Table: Brazil – Pork Production, Consumption & Trade.................................................................................................................................... 18
Table: Brazil – Beef & Veal Production, Consumption & Trade ......................................................................................................................... 18
Brazil Cocoa Outlook .............................................................................................................................................................................................. 20
Table: Brazil – Cocoa Production & Consumption ............................................................................................................................................ 20
Table: Brazil – Cocoa Production & Consumption ............................................................................................................................................ 21
Brazil Coffee Outlook .............................................................................................................................................................................................. 23
Table: Brazil – Coffee Production & Consumption ............................................................................................................................................ 24
Table: Brazil – Coffee Production & Consumption ............................................................................................................................................ 27
Brazil Sugar Outlook ............................................................................................................................................................................................... 28
Table: Brazil – Sugar Production, Consumption & Trade .................................................................................................................................. 29
Table: Brazil – Sugar Production, Consumption & Trade .................................................................................................................................. 32
Brazil Dairy Outlook ............................................................................................................................................................................................... 33
Table: Brazil – Milk Production & Consumption ............................................................................................................................................... 34
Table: Brazil – Butter Production, Consumption & Trade ................................................................................................................................. 34
Table: Brazil – Cheese Production, Consumption & Trade ................................................................................................................................ 34
Table: Brazil – Whole Milk Powder Production, Consumption & Trade ............................................................................................................ 34
Table: Brazil – Milk Production & Consumption ............................................................................................................................................... 37
Table: Brazil – Butter Production, Consumption & Trade ................................................................................................................................. 37
Table: Brazil – Cheese Production, Consumption & Trade ................................................................................................................................ 37
Table: Brazil – Whole Milk Powder Production, Consumption & Trade ............................................................................................................. 38
Brazil Rice Outlook .................................................................................................................................................................................................. 39
Table: Brazil – Rice Production, Consumption & Trade .................................................................................................................................... 40
Table: Brazil – Rice Production, Consumption & Trade .................................................................................................................................... 41
Brazil Grains Outlook .............................................................................................................................................................................................. 43
Table: Brazil – Wheat Production, Consumption & Trade ................................................................................................................................. 44
Table: Brazil – Corn Production, Consumption & Trade ................................................................................................................................... 44
Table: Brazil – Barley Production, Consumption & Trade ................................................................................................................................. 44
Table: Brazil – Wheat Production, Consumption & Trade ................................................................................................................................ 46
Table: Brazil – Corn Production, Consumption & Trade .................................................................................................................................. 46
Table: Brazil – Barley Production, Consumption & Trade ................................................................................................................................ 46
Brazil Soybean Outlook ........................................................................................................................................................................................... 48
Table: Brazil – Soybean Production, Consumption & Trade ............................................................................................................................... 49
Table: Brazil – Soybean Production, Consumption & Trade ............................................................................................................................... 51
Competitive Landscape ................................................................................................................................ 53
Table: Agricultural Commodity Producers & Traders ....................................................................................................................................... 53
Table: Agribusiness Suppliers ............................................................................................................................................................................ 54
Table: Integrated Agricultural Producers........................................................................................................................................................... 55
Commodity Price Analysis ............................................................................................................................ 56
Grains Update ......................................................................................................................................................................................................... 56
Corn .................................................................................................................................................................................................................... 56
Table: Corn ........................................................................................................................................................................................................ 56
Rice ..................................................................................................................................................................................................................... 57
Table: Rice .......................................................................................................................................................................................................... 57
Soy ...................................................................................................................................................................................................................... 58
Table: Soybean ................................................................................................................................................................................................... 58
Wheat .................................................................................................................................................................................................................. 59
Table: Wheat....................................................................................................................................................................................................... 59
Softs Update ............................................................................................................................................................................................................. 60
Cocoa.................................................................................................................................................................................................................. 60
Table: Cocoa ...................................................................................................................................................................................................... 60
Coffee.................................................................................................................................................................................................................. 61
Table: Coffee ...................................................................................................................................................................................................... 61
Milk ..................................................................................................................................................................................................................... 62
Table: Milk ......................................................................................................................................................................................................... 62
Sugar .................................................................................................................................................................................................................. 63
Table: Sugar ....................................................................................................................................................................................................... 63
Downstream Supply Chain Analysis ............................................................................................................ 64
Industry Forecast Scenario ...................................................................................................................................................................................... 64
Consumer Outlook .............................................................................................................................................................................................. 64
Food ................................................................................................................................................................................................................... 66
Total Food Consumption .................................................................................................................................................................................... 66
Table: Brazil Food Consumption Indicators -- Historical Data & Forecasts ...................................................................................................... 66
Canned Food ...................................................................................................................................................................................................... 67
Table: Canned Food Value/Volume Sales -- Historical Data & Forecasts .......................................................................................................... 67
Confectionery...................................................................................................................................................................................................... 67
Table: Confectionery Value/Volume Sales -- Historical Data & Forecasts ......................................................................................................... 68
Mass Grocery Retail ........................................................................................................................................................................................... 69
Table: Mass Grocery Retail -- Value Sales by Format -- Historical Data & Forecasts ....................................................................................... 70
Table: Sales Breakdown By Retail Format (%) .................................................................................................................................................. 70
Trade .................................................................................................................................................................................................................. 71
Table: Food & Drink Trade Balance - Historical Data & Forecasts .................................................................................................................. 71
Economic Outlook.................................................................................................................................................................................................... 72
Table: Brazil - Economic Activity, 2007-2014 .................................................................................................................................................... 76
BMI Forecast Modelling ................................................................................................................................ 77
How We Generate Our Industry Forecasts .............................................................................................................................................................. 77