The economies of Latin America and the Caribbean (LAC) have been severely impacted by the Covid-19 pandemic, but the region’s agribusiness sector has shown great resilience. The outlook is positive, but much will depend on how it responds to specific challenges of climate change, shifting global diets, and uncertainties in global trade.
Resilience and growth in LAC agribusiness, food and drink
September 2021
The economies of Latin America and the Caribbean (LAC) have been severely impacted by the Covid-19 pandemic, but the region’s agribusiness sector has shown great resilience. Helped by strong demand from China, Brazil’s agricultural and livestock exports rose by 4.1% in 2020. Soya exports from Brazil, Argentina, and Paraguay are soaring. Mexico’s Bimbo, the world’s largest baker, reported its highest-ever first quarter sales in 2021. And, in a sign of long-term confidence in the sector, France’s Carrefour announced a US$1.3bn takeover bid for Brazil’s Grupo BIG.
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