Flavio Maluf, president and chief executive of Eucatex, has confirmed that the agricultural GDP did not perform as well this year is it did during the same time period last year. Some of this can be attributed to the truckers’ strike in Sao Paulo that began on May 21, causing a 10 day stall especially in corn. Other products that suffered were meat, coffee, and sugarcane.
The trucker strike was in response to the decrease in diesel fuel prices and the regulation of road freight. Despite the losses and shortages that the strike caused to the agricultural producers, the strike was overall supported by the majority of the population, according to Flavio Maluf.
One bright spot for the agricultural GDP was soybeans. Brazil recorded a record harvest for the crop – 119 million tons, 61% harvested in the first quarter of this year. Leaf tobacco has also contributed positively, having a concentration of 51% the first quarter of this year. Read more about FlavioMaluf at Wikipedia.
Flavio Maluf has dedicated his life to the industry of agriculture. His father, Paulo Maluf, was a politician and well-known businessman, giving him the platform Flavio needed to catapult into a life a success. Regardless of his privileged upbringings, Mr. Maluf still attributes a large portion of his wealth and success to hard work and innate business skills.
After graduating from Armando AlvaresPenteado Foundation with a degree in Mechanical Engineering, he took over the leadership of Eucatex, his family business in 1997. Eucatex is a pulp and paper company founded by his great grandfather Salim in 1940. The name Eucatex comes from the Eucalyptus wood used for the majority of the company’s manufacturing.
In addition to his current role as president and chief executive of Eucatex, he also presides over Grandfood, the parent company of food brands Premier Pet and Golden. His role with Eucatex and Grandfood has brought him the experience and knowledge needed to provide astute economic analysis of the agricultural markets.
Mr. Maluf is an entrepreneur at heart and always on the lookout for new and innovative ideas. Even on the weekends when he’s surfing the internet just to relax, he also keeps an open mind to new trends or ideas that he can apply to his various ventures and enterprises.