Advanced Search

LatinNews Daily - 26 July 2021

Click here for printer friendly version
Click here for full report

In brief: Brazilian agri-exports surge this year

* The Instituto de Pesquisa Econômica Aplicada (Ipea), a government-led research institution in Brazil, has reported that the value of exports in the agricultural sector increased 20.9% in the first six months of 2021, compared with the same period in 2020. Agribusiness exports accounted for US$61.5bn in January-June this year, reflecting the global rise in commodities prices. According to the Ipea, meat exports (beef, pork, and poultry) grew 25.3% in value and 17.3% in volume year-on-year in January-June, while exports of soya fell 2.2% in volume but grew 25.3% in value. Stocks of soya and maize – two key exports for Brazil – have been falling amid lower harvest yields. China is by far the primary destination for Brazil’s agribusiness exports, accounting for 39% of the sales in the first half of this year, followed by the European Union (14.5%) and the US (6.4%).