Business

Brazil’s agribusiness to suffer from worst drought season

south minas drought brazil northeast agribusiness coffee soybeans sugarcane

As one of the world’s biggest agricultural producers, Brazil will be pivotal for global food security, according to the United Nations Food and Agriculture Organization (FAO). During a conference on July 23, a representative of the agency stated that Brazil will have up to 70 percent of the world’s arable land growth by 2050. Of the 69 million hectares or new arable land on earth, 49 million will be in Brazil. Severe droughts, however, pose severe threats to the agribusiness sector, the country’s main economic powerhouse.

During the 2012-2017 period, the already poor Brazilian Northeast experienced its longest and most...

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