Brazilian agribusiness exported US$ 6.47 billion in February this year, which represents an increase of 2.8% compared to the same month last year (US $ 6.29 billion). Foreign sales of the other products increased by 4.5%. With this higher increase in other products, the share of agribusiness in Brazilian exports drop from 40.3% (February / 2020) to 39.9%. According to the Ministry of Agriculture, Livestock and Supply (MAPA), agribusiness exports were negatively affected by the fall in soybean grain exports (-US$ 560.64). The drop in soybean grain exports occurred due to two factors: the dry climate at the beginning of the planting period between October and December last year and, more recently, the excessive rainfall that delayed the harvesting process of the oilseed that occurs between January and mid-April in most producing states. For these reasons, soybean shipments decreased by almost two million tons.
Source: Jornal Cana
*Translated by Ia Niani