Agro exports in Brazil reach record value of US$8.84 billion for October

Published 2021년 11월 16일

Tridge summary

In October 2021, Brazil's agribusiness exports reached a record value of US$ 8.84 billion, a 10% increase from the previous year, driven by high international commodity prices. Despite a decrease in quantity sold abroad, the average export price rose by 25.8%. Imports also increased by 16.8% to US$ 1.4 billion. Notable price increases were seen in wheat, palm oil, and olive oil. Soy beans, pork, and chicken meat, and coffee were the highlights. China continued to be the main buyer of soybeans and pork, while fresh chicken meat found more buyers in Japan, the United Arab Emirates, Saudi Arabia, and the European Union. Meat exports saw a record value and quantity, with chicken and pork. However, beef exports fell by 31.6% due to 'mad cow' disease, with China no longer being a significant buyer.

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

Original content

Agribusiness exports registered a record value of US$ 8.84 billion for the month of October, driven by the rise in international commodity prices. The value is 10% higher than the US$ 8.036 billion exported in the same month in 2020. According to the Secretariat of Commerce and International Relations (SCRI) of the Ministry of Agriculture, Livestock and Supply (Mapa), the increase in average export prices was decisive for the increase in foreign sales, as they grew 25.8% compared to October 2020. The quantity sold abroad, on the other hand, decreased by 12.5% in the period under review (October 2020 to October 2021). Imports of agribusiness products rose from US$ 1.2 billion in October/2020 to US$ 1.4 billion in October/2021 (+16.8%). Several imported products had significant increases in the average price, such as wheat (+15.5%), palm oil (+68.7%) and olive oil (+26.3%). According to SCRI analysts, the main highlights of the month were soy beans, pork and chicken meat and coffee. ...

Source: PortalDBO