Brazil, agribusiness surplus in February reaches US $ 5.22 billion (+ 0.4%)

Published 2021년 3월 10일

Tridge summary

In February 2021, Brazil's agribusiness exports saw a 2.8% increase to $6.47 billion, despite a decrease in soybean grain exports. This growth was largely due to an increase in soybean meal, raw cane sugar, cotton, and corn exports. The sector's balance surplus reached $5.22 billion, with the soy complex being the main export sector. However, its exports fell by 15.7% due to adverse weather conditions. The meat sector also saw exports exceed $1.28 billion. The sugar and alcohol complex experienced the greatest increase in exported value among the main sectors.

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

Original content

São Paulo, 03/10/2021 - Brazilian agribusiness exported US $ 6.47 billion in February 2021, 2.8% more than the US $ 6.29 billion of the same month last year, according to the Ministry of Agriculture . Imports grew more, 14.9%, to US $ 1.22 billion (+ 14.9%). As a result, the sector's balance surplus reached US $ 5.22 billion, 0.4% higher than in February 2020. While agribusiness exports rose 2.8%, foreign sales of other products that Brazil exports rose 4.5%. "With this greater increase in other products, the share of agribusiness in Brazilian exports declined from 40.3% in February 2020 to 39.9% in February 2021," said the folder in a note. "It can be said, as a summary for the month of February 2021, that agribusiness exports were negatively affected by the fall in soybean grain exports (-US $ 560.64 million in absolute values), which, in turn, , were offset by the increase in foreign sales of four products (+ US $ 585.26 million in absolute values): soybean meal (+ US $ 211.62 ...

Source: Broadcast