Minas Gerais, Brazil agribusiness exports break quarterly record

Published 2021년 4월 20일

Tridge summary

Agribusiness exports from Minas Gerais saw a significant increase of 15.2% in the first quarter of 2021, reaching a revenue of US $ 2.02 billion, the best result in the historical series for that period. The volume of shipments remained almost stable, with a minor decrease of 0.3%. Coffee was the primary contributor to this growth, with grain exports also experiencing a increase. Other commodities such as meat and sugar and alcohol also saw positive trends in exports. However, soy shipments experienced a decline due to planting delays and restricted oilseed supply. The appreciation of commodities and the devaluation of the real against the dollar also played a role in boosting exports.

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

Original content

Agribusiness exports from Minas Gerais increased by 15.2% in sales over the first three months of 2021 compared to the same period of the previous year, with a turnover of US $ 2.02 billion. This was the best result of the historical series for the period. In the same interval, the volume shipped was practically stable, with a small negative variation of 0.3%. The coffee was the main highlight. Grain exports grew 21.7% in revenue and 24.4% in volume. The data released by the State Secretariat of Agriculture, Livestock and Supply (Seapa (http://agricultura.mg.gov.br/)) show that, during the first quarter, 2.11 million tons of agricultural products were shipped and livestock produced in Minas Gerais. The volume was only 0.3% lower than that registered in the same interval of 2020, when shipments handled 2.12 thousand tons. In addition, with the global demand heated, there was an appreciation of the average price of the ton, which reached US $ 959.57, an increase of 16%. According to ...

Source: Canaonline