AGRICULTURE EXPORTS REACHED USD 11.72 BILLION IN JANUARY

In January, Brazil set an all-time high record for agriculture exports, reaching USD 11.72 billion, a 14.8% increase compared to the previous year. This growth was driven by an increase in the export volume, particularly grains, and sugar, which grew by 19.7% and 58.1% respectively. Soybean exports alone accounted for USD 2.50 billion, with China being the largest importer. The sugar and alcohol sector stood out with a 69.9% increase in exports, led by India. Between February 2023 and January 2024, Brazilian agriculture exports totaled USD 168 billion, mainly driven by soybeans and meat.
Source: Agrolink (*Translated by Ia Niani)