Brazilian agro exports reach record value for October with higher prices

Published 2021년 11월 16일

Tridge summary

Brazil's agribusiness exports reached a record $8.84 billion in October, a 10% increase from the previous year, despite a 12.5% drop in volumes. This increase was due to higher international prices for key products such as soy beans, pork, chicken meat, and coffee. Imports of these products also increased by 16.8%. China was the main buyer of Brazilian agribusiness products, with purchases totaling $2.25 billion.

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

Original content

SAO PAULO (Reuters) – Brazilian agribusiness exports reached US$8.84 billion last month, a record figure for October, reflecting higher international prices, the Ministry of Agriculture pointed out on Tuesday. 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 1.2 billion dollars in October 2020 to 1.4 billion dollars 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 1.72 billion dollars (+94.3%), corresponding to 3.3 million tons (+35.9%). + Antonio Freixo, the manager who set up Banco Garantia's offshore operation in ...

Source: Istoedinheiro