Brazil’s agribusiness exports hit USD 13.4 billion in November, a 6.2% increase from the same month in 2023, according to the Ministry of Agriculture. This growth was fueled by strong revenues from soybeans, coffee, and beef, among other products. The November figure marks the second-highest monthly revenue in the ministry’s records for that period. Soybean exports alone generated USD 1.83 billion, surging 64.6% compared to November last year. As the world’s leading producer and exporter of soybeans, Brazil capitalized on sustained Chinese demand during a year of record harvests.
Sources: Forbes Agro/Reuters (*Translated by Ia Niani)