This past July it was reported that Brazilian agribusiness was down in June O.7% compared to the June a year earlier. This statistic was reported by Flavio Maluf, CEO of Eucatex. He stated that the agriculture sector of Brazil comprised 45.6% of its foreign sales for the month of June. He said the agriculture imports to the U.S alone during this month totaled $1.04 billion. China is also quickly becoming a primary foreign customer. The third largest customer is The European Union which is comprised of 28 countries. Read more about Flavio at terra.com
Soy made up the majority of this, comprising over half of the traded amount. (These soybean products include grain, meal, and oil.) As big an export as it already is, the popularity of soy products is expected to keep rising. Between January and June of this year, 46.27 tons of soy grain where shipped. Eucatex is an agricultural business whose goal is to heighten both Brazil’s food security and its production of exporting goods. While agricultural products are its concentration, Eucatex also manufactures and distributes furniture and toys made of eucalyptus wood fibers.
Flavio Maluf was born into one of the wealthiest and most powerful families in Brazil on December 2, 1962. After high school, he graduated from the Armando Alvares Penteado Foundation with a degree in Mechanical Engineering and then earned a degree in Business Administration from New York University. After all of this education, in 1997 he took over as CEO of Eucatex, which his family had started in 1951. In addition to this leadership role, he also serves as the president of Grandfood. In the matter of starting a business, Maluf is adamant that it is totally a myth that you need a lot of money to start a business. He says what you really need is a great idea and the willingness to work hard.