Brazil: The growth of agro exports by 26.7% in August was driven by soy and beef

Soybean

Fresh Whole Beef

Brazil

Published Sep 22, 2021

Tridge summary

Exports of agricultural products totaled US$ 10.9 billion in August, an increase of 26.7% over the same period in 2020, according to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA) based on Ministry data of the Economy.

Original content

The recovery of global economic activity, as countries advance in their vaccination plans, and the improvement in investor and consumer expectations are considered the main factors in the upward movement. Soy beans were the main item in the export basket in August, with a share of 28.8% and revenues of US$ 3.1 billion (Photo: Paulo Whitaker/REUTERS) From January to August 2021, the sector's foreign sales totaled US$ 83.6 billion, an increase of 20.7% compared to the same period last year. With a surplus of US$9.6 billion in the agricultural trade balance in August, Brazil's total balance was positive by US$7.6 billion. Soy beans were the main item in the export basket in August, with a share of 28.8% and revenues of US$ 3.1 billion – an increase of 52.5% compared to the same month in 2020. The second best-selling product was fresh beef, with growth of 57.7% compared to August last year, reaching US$ 1 billion. know more Agro exports rose 34.9% in the 2nd week of September After a ...

Source: Agroinforme