Brazil’s agribusiness export revenues break record for October with high prices

RIO DE JANEIRO, BRAZIL – Foreign sales revenue of agribusiness enterprises rose 10% compared to the same month in 2020, with prices more than offsetting a 12.5% drop in volume, according to a study by the Ministry’s Secretariat of Trade and International Relations (SCRI).

Imports of agribusiness products increased from US$1.2 billion in October 2020 to US$1.4 billion in the same period this year, up 16.8%.

Soybeans accounted for US$1.72 billion (+94.3%), corresponding to 3.3 million tons (+35.9%). Foreign sales of pork reached US$215.98 million (+8.9%), while chicken meat totaled US$700.08 million (+60%). The coffee sector posted US$606.71 million in sales (+18.9%).

China remained the main buyer of Brazilian agribusiness products, with US$2.25 billion.

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