Thanks to increasing prices and volumes sold abroad, the Brazilian agribusiness industry earned a record USD 14.81 billion in August, up 36.4% from the same month in 2021. Agribusiness foreign sales accounted for 48.1% of the Brazilian export basket. With USD 1.68 billion in purchases, agricultural product imports had the highest financial value since 1997. The cost was 34.5% higher than the August 2021 import of US$ 1.25 billion. The commodities that stood out the most in August alone were soybeans, bran, chicken meat, and pulp. China remains Brazil’s main commercial partner, with purchases totaling US$ 4.54 billion, a 19.5% increase over the US$ 3.80 billion acquired in August last year. Soybeans, beef, raw sugar cane, and pulp were the top four products exported to China.
Source: Datamar News