RIO DE JANEIRO, BRAZIL - Brazil's agribusiness exports reached US$11.29 billion in July, up 15.8% over the same month last year, driven by rising commodity prices, the Ministry of Agriculture said Wednesday.
According to the Ministry, the price index of agricultural and livestock products exported by the country jumped 28.5% in the comparison between July 2020 and July this year, offsetting a 9.9% drop in the quantum index of exports.
"Despite the drop in exported volume, the sharp increase in international prices of exported products led the value to reach a historic high," the Ministry . . .
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