According to the Agribusiness Balance Bulletin, released on Wednesday, June 10th by the Department of Trade and International Relations of the Ministry of Agriculture, Livestock and Supply (Mapa), Brazilian agribusiness recorded a record value in May with US$10.9 billion (+ 17.9%) worth of exports corresponding to 60.9% of total Brazilian exports. Among the main products exported are soybeans (US$5.2 billion), beef (US$780 million), sugar (US$767 million), and green coffee (US$468 million). The Chinese market acquired 44.9% of Brazil`s total agribusiness exports, amounting to US$4.91 billion (+ 50.4%). China was the largest importer of Brazilian soybeans, meats (beef, pork, and poultry), sugar, and cellulose. Agribusiness imports decreased from US$1.18 billion (May 2019) to US$835.78 million in May this year, a decrease of 29.3%.
Source: Datamar News