Resilience and growth in LAC agribusiness food and drink

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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