The Brazilian economy grew in the first quarter of 2018 by 0.4% comparing it to the last quarter of 2017. The agricultural sector in Brazil was lower, though, comparing it to the previous quarter. This sector fell by 2.6% in the first quarter of the year and matched what this sector had done during the first quarter of 2017. One reason for this decline was that truck drivers had been demonstrating recently with one 10 day period where no deliveries were made at all.
Flavio Maluf is the president and chief executive officer of Eucatex, a company in the agricultural industry. He says that his industry lost its rhythm during this period and the harvest during this quarter slowed down a great deal with some companies stopping production altogether because they couldn’t get their produce to market. The two biggest harvests to be affected were sugarcane and maize, he said. Visit dino.com to learn more.
Flavio Maluf says that the truck driver demonstrations is also affecting the production of meat. Farms with animals can’t get feed delivered which means the price of meat is going to be negatively impacted. He also sees coffee being negatively impacted as growers couldn’t get their beans to ports. He says these issues will be reflected in the second quarter results that will come out in July.
He added that 2017 was a great year in the agricultural industry. In particular soybeans and tobacco had great years of production. The harvest for that year was 240 million tons which was a record for Brazil. He says that despite the rising cost of goods and decreased availability to produce many people in Brazil support the demonstrating truck drivers.
Flavio Maluf graduated from Armando AlvaresPenteado Foundation with a degree in mechanical engineering. He also is a graduate of New York University where he earned a business administration degree. He started working at Eucatex after earning his mechanical degree and progressed quickly into leadership positions. His company contracts with farmers to grow eucalyptus which his company converts into products such as ceiling tiles and panels. The focus is on providing sustainable and safe products that will be used as building materials.
Learn more: https://br.linkedin.com/in/flavio-maluf-172147b3