At the end of 2021, Russia increased the supply of agricultural products to Brazil by almost $ 12 million

Published Jan 10, 2022

Tridge summary

In 2021, Russia's agricultural exports to Brazil increased by 17.35% to a total of 80.4 million US dollars, driven by the flour and cereal industry. The supply of unroasted malt and wheat gluten saw significant increases. Russia ranked 3rd in the export of flour and cereal products to Brazil, a rise from 7th place in 2020, due to zero import duty on unroasted malt in Brazil until the end of 2021. The country also began exporting tobacco products, ice cream, and alcoholic beverages. However, there was a decrease in the export volumes of wheat, malt, non-alcoholic beer, and molasses. Russia ended the year in the top 30 countries exporting agricultural products to Brazil, with a 0.64% share.

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

Original content

According to the results of 2021, Russia supplied 192.4 thousand tons of agricultural products to Brazil for a total amount of 80.4 million US dollars. Such data are provided by the Comex Stat statistical portal of the Ministry of Economy of Brazil. In value terms, exports increased by almost USD 12 million, or 17.35% compared to 2020. This was reported by the press service of the Trade Representation of the Russian Federation in Brazil. Deliveries of products from the flour and cereal industry remain the main driver of growth in Russian exports to Brazil: in 2021, the bulk of this volume fell on unroasted malt, the supply of which increased almost 3.5 times compared to 2020 from 36 to 157.3 thousand tons in physical terms and from 14.4 to 64 million US dollars in value. The supply of wheat gluten in value terms increased by more than 5 times: from 350.8 thousand US dollars in 2020 to 1.8 million US dollars in 2021. In total, according to the results of 2021, Russia ...

Source: Milknews