Agribusiness reached record levels for the month of June, with exports of US$10.17 billion, an increase of 24.5% compared to exports in June 2019 (US$8.17 billion). This data was shared by the Agribusiness Balance Bulletin released by the Department of Trade and International Relations of the Ministry of Agriculture, Livestock and Supply (SCRI-Mapa) on 10 July. Soy complex was the main sector responsible for the growth of agribusiness exports. The export of soybeans in grains (13.8 million tonnes) had a great influence on these values, reaching US$4.67 billion in the month. Sugar exports, meanwhile, increased by almost 1.5 million tonnes in June 2020 compared to year-ago levels. China was the main importing country responsible for the growth of Brazil’s exports, acquiring 70% of Brazilian soybeans in June. The sugar and alcohol sector had the highest percentage increase in exports among the main exporting sectors of Brazilian agribusiness, rising 74.5% in June of this year compared to last year, from US$536.12 million to US$935.37 million. Sugar cane sugar exports accounted for most of this value, at US$810.80 million (+ 80.4%). Alcohol also registered an increase in foreign sales, rising from US$85.83 million in June 2019, to US$122.71 million in June this year. According to the bulletin, the growth of Brazilian sugarcane exports is linked to the breakdown of the 2019/2020 sugarcane crops in India and Thailand, which made it possible to expand exports to various markets. Indonesia is a market that did not import any Brazilian sugar in June 2019 and acquired US$86.78 million last month.
Source: Datamar News