On Thursday, Maggi joined the new cabinet of interim President Michel Temer, who took power while suspended President Dilma Rousseff is being tried by the Senate for allegedly manipulating public accounts. His cousin Erai Maggi Scheffer displaced him as the so-called soy king with his rival agribusiness group Bom Futuro. Currently, the world leader in soybean production worldwide is the United States, Brazil, Argentina, China, India and Paraguay. However, Brazil surpassed US soybean production in 2020. ![]() Members of his close and extended family are prominent in agribusiness in the region. It was the 2nd largest world producer of soy (117.8 million tons), second only to the United States. He still holds a controlling stake in the company, once Brazil’s largest producer of soybeans. He eventually gave up day-to-day control of the business to enter politics, serving his first of two terms as governor of the soy-rich state of Mato Grosso in 2002 and winning a Senate seat in 2011 for the same state. ''Brazil is really impacting us,'' said Iowa grain farmer Dennis Keeney. Midwestern farmers have traveled to Mato Grosso to view the competition for themselves. Once known as Brazil’s “soy king”, Maggi entered Brazil’s billionaire club in his 40s, when he ran his father’s Andre Maggi Group, a grains trading, logistics and energy conglomerate. Brazil's soybean production is now 65 million tons, compared to 85 million tons in the United States, the world's largest producer. ![]() The fires primarily affected light oil and natural gas producers, who shut in operations as a. The United States is projected to produce. SAO PAULO, May 13 (Reuters) - Brazil’s new Agriculture Minister, agribusiness mogul Blairo Maggi, is expected to make policy in one of the world’s leading commodities exporters friendlier for business, though environmentalists may still see him as a threat to the Amazon. Canada is the worlds fourth-largest crude producer, and about 80 of its oil comes from Alberta. In 1995, the European Union (53), Japan (18) and Mexico (7) were the main importers of soybeans, and together they accounted for more than 75 of world imports. Brazil is projected to be the largest producer of soybeans in the world followed by the United States & Argentina.
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