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Brazil seeks to increase share in global agricultural market

Xinhua, July 5, 2016 Adjust font size:

Brazil aims to increase its share in global agricultural trade from the current 7 percent to 10 percent in the next five years, Agriculture Minister Blairo Moggi said Monday.

Brazil has the potential to be stronger in terms of agriculture even though the country's economy is in recession, Moggi told an agriculture forum, which is being held in the state of Sao Paulo.

"There is room for corn, meat and ethanol to grow," Moggi said.

"If the government doesn't have money at the moment, we have to make more from less. We have conditions to greatly increase Brazil's participation in the production of animal proteins," the minister said.

Moggi, who is also a businessman known as the "king of soy," said that agriculture "isn't an expenditure, but rather an investment."

The minister also vowed to cut red tape. "Public servants are more important when they help to fix problems." Endi