Nigeria and the Brazilian Government have signed a $1.2 billion Memorandum of Understanding to boost agricultural modernisation in the country. The credit facility provided by

Brazilian agribusiness has been highlighted over last decade for a couple of reasons. It became a major producer and exporter of soybeans in the world.

Still subject to corrections by the official Brazilian export registration agency, Secex, the preliminary number of Brazilian corn shipments in 2020 was 35.07 million tons.

In December 2020, Brazilian exports of wood-based products (except pulp and paper) increased 47% in value compared to December 2019, from US$222.3 million to US$327.4