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Agricultural machinery sales in Brazil up 22.26% in 1st quarter – FENABRAVE

RIO DE JANEIRO, BRAZIL - A total of 10,855 tractors and agricultural machines were sold in the first quarter of the year, up 22.26% compared to the same period in 2020, driven by the favorable performance of commodities in Brazil, said on Tuesday the National Federation of Automotive Vehicles Distribution (FENABRAVE).

In March alone, 4,164 of such vehicles were sold, an increase of 15.47% compared to the preceding month. Compared to March last year, growth stood at 11.7%, according to the data.

"The scenario remains positive for agribusiness and, considering the positive performance of commodities, demand . . .

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