Brazilian agribusiness exports grow 4.8pc in September

RIO DE JANEIRO (XINHUA) – Brazilian agribusiness exports, one of the engines of the country’s economy, increased 4.8 per cent in September compared to the same month in 2019, with revenues reaching USD8.56 billion, according to government figures.

The Brazilian Ministry of Agriculture reported on Friday that the sugar sector, whose foreign sales grew 89.8 per cent, boosted the growth of September agricultural shipments.

Exports of raw cane sugar increased 111.3 per cent in September year on year, from USD420.36 million to USD888.38 million, thanks to increased sales to Asia, due to a decline in sugar production in India and Thailand.

The increase in Brazilian agribusiness exports in September and the decline in exports of other products caused the sector’s share of the country’s total exports to rise from 40.2 per cent to 46.3 per cent year on year.

In September, exports of soybeans in all forms increased by 3.5 per cent to USD2.22 billion and exports of pork also grew 34.3 per cent, with a total of around USD187.18 million, driven by sales to China, which grew 56.1 per cent.

China remained the main destination for Brazilian agribusiness exports, with 27.5 per cent of the total, followed by the United States (US) with 7.7 per cent, and the Netherlands with four per cent.