Resilience and growth in LAC agribusiness, food and drink
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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