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Agricultural exports reach record high

The value exported by Brazilian agribusiness reached a record of US$1.5 billion in March of this year. The products that stood out the most in the month, due to the growth in export value, were: soybeans (+US$878.3 million), corn (+US$397.8 million), soybean meal (+US$330.5 million), raw cane sugar (+US$215.2 million) and fresh chicken meat (+US$214 million). 

According to data from the Ministry of Agriculture, together, the products contributed US$1.5 billion to the increase in exports, a figure higher than the growth of US$1.6 billion in the sector's total external sales. In March 2022, agribusiness exports were US$1.4 billion. The increase in the volume shipped largely explains the historic value of agribusiness exports in March 2023.

According to data from the Ministry of Agriculture, Livestock and Supply (MAPA), the quantum index of Brazilian agribusiness exports rose 7.1%, and the price index of exported products increased 3.5%. Soybeans and soybean meal. In the soybean complex, two products deserve mention with records in volume and foreign exchange: soybeans and meal. Soybeans reached US$$ 7.3 billion (+13.6%) and shipments of 13.2 million tons (+8.6%). Brazil is harvesting a record crop of the oilseed estimated at 153.6 million tons (+22.4%). China continues to be the main destination, absorbing 75.7% of the total shipped by Brazil. Soybean meal sales reached a record value of US$1.1 billion (+45.5%) and almost 2 million tons (+31.7%). The European Union, the largest importer of the product, acquired US$492.3 million (+40.9%) and 904.4 thousand tons (+29.1%).

 

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