Even with a drop, soybeans and meat boost agro balance

Even with a monthly drop of 13%, Brazilian agribusiness exported $13.4 billion in November, according to the consultancy Itaú BBA, based on data from Secex. The highlight was for soybeans and beef, which grew 64% and 40%, respectively, compared to November 2024. Grain soybean exports reached 4.2 million tons, with prices stable at $435.5/t. Soybean meal had a slight increase of 2.5% in volume, while soybean oil fell 47%, even with a 17% increase in the average price, reaching $1,133.5/t. In animal protein, raw beef reached 318.5 thousand tons exported, with an average price 13% higher than the previous year. On the other hand, pork and chicken meat showed decreases of 14% and 6.5% in volumes, respectively. In the sugar and ethanol sector, ethanol had a contraction of 38%, while refined sugar grew 13% in volume, even with a 22% drop in price. Corn advanced 6.4% in exported ...