According to data from the USDA, Brazilian exports will have jumped from 8% of total production in 2002 to 25% by next year.
The main recipient of this has been the Russian market, where Brazil’s lower production costs and competitive exchange rates have put the squeeze on the more established suppliers like Denmark. Shipments to Russia jumped from 83,400 tonnes in 2001 to 219,900 tonnes in 2002.
Efforts to reduce dependency on Russia are beginning to bite with a fall to 193,700 tonnes this year. Shipments to other major markets are up with Hong Kong up from 18,000 tonnes in 2002 to 35,100 tonnes this year, and Argentina from 3,700 tonnes to 18,100 tonnes.