MARKED OPENINGS HIT RECORD HIGH IN JULY

July 2024 has been the best in terms of new trade agreements for Brazilian farm products in history. According to the Ministry of Agriculture and Livestock (Mapa), 16 new market prospects have come up in nine nations. This performance beats the previous record, established in July 2020, with ten opportunities in five nations. President Lula’s third term saw the expansion of 166 new markets in 55 destinations. 88 additional markets have already been found in 34 countries by 2024. July is the second-best month of the year, behind June. In the first half of 2024, agriculture exports amounted to 49.2% of total country revenue, totaling USD 82.39 billion.
Source: Gov.br (Governo Brasileiro) (*Translated by Ia Niani)