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Brazilian agro exports reach record value for October with higher prices

Brazil
Published Nov 17, 2021

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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. Foreign sales of the country's agro rose 10% compared to the result of the same month in 2020, with […]

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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 ...
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