Agribusiness exports reach record value for October with higher prices

As exports from agribusiness from Brazil reached US$ 8.84 billion last month, a record value for October, as a result of higher international prices, pointed out the Ministry of Agriculture this Tuesday (16).

The country’s agricultural foreign sales rose 10% compared to the result for the same month in 2020, with prices more than offsetting a 12.5% ​​drop in volumes, according to a study by the Ministry of Trade and International Relations (SCRI) .

Imports of agribusiness products rose from US$ 1.2 billion in October 2020 to US$ 1.4 billion in the same period this year, an increase of 16.8%.

According to SCRI analysts, the main highlights of the month were soy beans, pork and chicken meat and coffee.

Soy beans accounted for US$ 1.72 billion (+94.3%), corresponding to 3.3 million tons (+35.9%).

Foreign sales of pork reached US$ 215.98 million (+8.9%), while chicken meat totaled US$ 700.08 million (+60%). And the coffee sector registered sales of US$ 606.71 million (+18.9%).

A China remained the main buyer of Brazilian agribusiness products, with US$ 2.25 billion.

Reference: CNN Brasil

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