An analysis conducted by the Secretariat of Commerce and International Relations of the Ministry of Agriculture and Livestock (SCRI/Mapa) has underscored that the growth of Brazilian agribusiness exports has played a pivotal role in driving the growth of the Brazilian trade balance. This increase has been primarily fueled by the soy complex, poultry and pork, cellulose, and cotton. In contrast, the average export prices of products, in general, have decreased. In July, the share of agribusiness exports in the overall trade balance was nearly 50%. The soy complex remains the cornerstone of Brazilian agribusiness exports, accounting for 42.2% of the total export value from Brazil in agribusiness products (totaling US$ 6.09 billion).
Source: Datamar News