In October, agribusiness exports were driven by the expansion of shipments of sugar (up 119.2%), rice (up 83.9%), and pork (up 23.7%). Agribusiness exports reached US$ 8.181 billion in October 2020, which represents a decrease of 6.2%, in comparison to the same month last year. Cogo – Intelligence in Agribusiness points out that between January and October 2020, agribusiness exports reached US$ 85.840 billion, an increase of 5.7% compared to the same period in 2019 (US$ 81.203 billion). The amount exported by the Brazilian agribusiness between January and October 2020 represents 49.6% of the total value exported during the period. In the year-to-date period, China led the purchases of Brazilian agribusiness products, accounting for 36% of total revenues (in US$), followed by the European Union (16%), the United States (7%), and the Middle East (6%).
Source: Canal Rural
*Translated by Ia Niani