Brazilian agribusiness exports hit a record in March and year-to-date

Published 2023년 4월 17일

Tridge summary

In March 2023, Brazil's agribusiness exports reached a record high of US$ 16 billion, marking a 7.1% increase from the previous year and a 3.5% rise in the price index of exported goods. This surge was primarily driven by the export value of soybeans, corn, soy bran, raw cane sugar, and fresh chicken meat, which collectively added US$ 2 billion to the total foreign sales. Soy beans and soy bran saw record volumes and currency, with soy in grain reaching US$ 7.3 billion and shipments totaling 13.2 million tons. Chicken meat exports also hit a record high at US$ 967.8 million, attracting increased demand due to avian flu outbreaks in major exporting countries. Sugar exports also saw a significant increase, reaching a record US$ 818.1 million. The first quarter of 2023 saw a record US$ 36 billion in agribusiness exports, accounting for 47.2% of Brazil's export basket.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The amount exported by Brazilian agribusiness reached a record US$ 16 billion in March this year. The most outstanding products in the month, due to the growth in export value, were: soybeans (+US$ 878.3 million), corn (+US$ 397.8 million), soy bran (+US$ 330 .5 million), raw cane sugar (+US$ 215.2 million) and fresh chicken meat (+US$ 214 million). Together, the products contributed with US$ 2.0 billion to the increase in exports, an amount greater than the growth of US$ 1.6 billion in the sector's total foreign sales. In March 2022, agribusiness exports were US$ 14.4 billion. According to the analysis by the Secretariat of Commerce and International Relations of the Ministry of Agriculture and Livestock, the increase in the volume shipped explains, in large part, the historical value of agribusiness exports in March 2023. agribusiness increased by 7.1%, and the price index of exported products increased by 3.5%. Soy beans and soy bran In the soy complex, two products deserve ...

Source: Agricultura