Corn stood out among Brazilian exports in July, with exports increasing from 1.99 million tons to 4.12 million tons. The price was a record for the month, US$ 1.15 billion (+189.7%), due to the high average corn export prices, up 40% from the same month last year. Overall, Brazilian agribusiness exports reached a record level in July, totaling US$ 14.28 billion, mostly due to higher average prices for corn, soybeans, and meat, according to Brazil’s Ministry of Agriculture.
Sources: Reuters (*Translated by ia Niani)