Tridge summary
In September, China remained the largest buyer of Brazilian agribusiness products, accounting for 32.4% of total shipments worth US$ 10.1 billion, marking a 21% increase compared to August 2020. The trade balance showed a surplus of US$ 8.8 billion. As of 2021, the sector's foreign sales have reached US$ 93.6 billion, a 20.6% increase year-on-year. Soybeans and in natura beef were the primary exports. The European Union was the second-largest market, accounting for 15% of total exports. The CNA also highlighted significant export increases for crude soybean oil, in natura beef, soy in grains, and in natura chicken meat. The Agro.BR Project, a collaboration with Apex-Brasil, aims to diversify Brazil's export portfolio, with notable increases in exports of tea, mate, spices, fish, bee products, dairy, and fruit.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
China remains the biggest buyer of Brazilian agribusiness. In September, the Asian country was responsible for 32.4% of total shipments of products in the sector, which totaled US$ 10.1 billion, up 21% compared to August 2020. Soy beans and beef in natura pulled agricultural exports last month. According to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA, based on data from the Ministry of Economy, the monthly surplus (when exports exceed imports) in the trade balance totaled US$ 8.8 billion. By 2021, the sector's foreign sales totaled US$ 93.6 billion, growth of 20.6% for freight compared to the same period last year. According to the CNA, the main product in the export basket of Brazilian agribusiness in September was soybeans, with a 24.3% share of total shipments and valued at US$ 2.5 billion, an increase of 57.6% compared to the same period in 2020. “In natura beef comes next, with revenue of US$ 1.1 billion in September/2021, an increase of 85.7% ...
Source: Agroemdia
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