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Brazil: Sector exports reach US$ 6.5 billion in February

Brazil
Published Mar 17, 2021

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Porto Alegre, March 16, 2021 - Agribusiness exports in February totaled US $ 6.5 billion, an increase of 2.8% in relation to the same period in 2020, according to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA) , made with data from the Ministry of Economy. The agribusiness trade surplus was US $ 5.2 billion last month. In the accumulated result for January and February, foreign sales reached US $ 12.1 billion.

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The main product of the Brazilian agribusiness export basket in February was soybeans, with a 17.5% share of total revenue and a value of US $ 1.1 billion, although it fell by 33.1% in relation to the same last year, reflected in the delay in the harvest due to the high volume of rains, which negatively impacted shipments in February. Fresh chicken meat, the second main item in exports in February, fell by 6.9% last month compared to February 2020 and reached exports of US $ 488.0 million. However, CNA points out in a Technical Communication, the volume of shipments registered little variation, which indicates that the dollar's increase in the month benefited the Brazilian exporter. According to the CNA, the most significant increases in exports last month compared to February 2020 were for corn (+ 158.2%), which went from US $ 66.6 million to US $ 172.0 million in 2021; refined sugar (+ 95.0%), whose revenue grew from US $ 68.6 million to US $ 133.8 million; and the soybean ...
Source: Safras
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