Brazilian agribusiness registered a surplus of US$ 10.1 billion in July Issues of the Moment

Published 2021년 8월 12일

Tridge summary

The Institute for Applied Economic Research (Ipea) reports a positive trade balance of US$ 10.1 billion for Brazilian agribusiness in July 2021, with exports reaching US$ 11.29 billion and imports at US$ 1.23 billion. The average price of exports experienced a significant increase of 38.6% compared to July 2020, leading to record export volumes for coffee, sugar, cotton, and pork. However, climate issues and lack of rain have potentially hampered coffee and sugar production, and concerns about domestic beef supply have contributed to a rise in international beef prices. Despite challenges such as container shortages and low cattle supply, the average price of corn increased by 27.6% in July. Overall, the value, volume, and average price of various agricultural products have seen positive growth in the first seven months of 2021, with the soy complex, pork, and chicken experiencing notable increases.

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

Original content

The Institute for Applied Economic Research (Ipea) published, this Thursday (12/8), the closing of the July data on Brazilian agribusiness foreign trade. The sector's trade balance ended the month with a positive balance of US$ 10.1 billion, with exports of US$ 11.29 billion and imports of US$ 1.23 billion being registered. In comparison with July 2020, there was an increase of 38.6% in the average prices of exports, whereas in the accumulated result for the year, there was an increase of 20.8%. According to the Ipea Conjuncture Group, the average price of products shipped in Brazil continues with an upward trend. In July, despite the accommodation in exports, some Brazilian agribusiness products reached record export volumes throughout the first half of 2021: coffee, sugar, cotton and pork. In the accumulated result for the year, from January to July 2021, the products with the greatest positive change in average prices were soy (28.6%), beef (12.2%), sugar (14.7%), wood (15%) ...

Source: Suinoculturaindustrial