October 2024 saw a record USD 14.27 billion in agriculture exports from Brazil, a 6.2% increase over the same month in 2023. Higher export volume (up 3.7%) and higher prices (up 2.5%) were the main drivers of the increase. Exports totaled USD 140.02 billion between January and October 2024, a 0.7% rise over the same period in 2023. With 82.7% of sales, soybeans, pork, sugar, forest products, coffee, and cereals were the primary export industries. Highlights include sugar, with 3.73 million tons shipped, and beef, with a record USD 1.36 billion in exports. Comprising USD 1.40 billion (up 61.1%), the coffee sector also broke records. Over 49% of Brazil’s exports come from agribusiness.
Source: Gov.br (*Translated by Ia Niani)
BRAZILIAN AGRICULTURE EXPORTS SOAR TO RECORD USD 14.27 BILLION
Published On - 22 de November de 2024