Brasília – Brazilian agribusiness exports broke records and reached US$ 33.8 billion in the first half of the year, an increase of 16.3% over the same period in 2007. In June alone, foreign sales totalled US$ 6.5 billion, the largest value registered in the month.
Powered by fertilizer and animal feed prices, the Gross Domestic Product (GDP) of agribusiness registered growth of 3.83% over the first four months of the year. The figures were disclosed today (17) by the National Confederation of Agriculture and Livestock (CNA).
Inputs alone grew 7.7% from January to April, whereas some agricultural prices presented slight deceleration. According to the CNA, agribusiness growth in 2008 is not being translated into better revenues for producers. The reason, according to the organisation, is the price increase of inputs, including fertilizers.
*Translated by Mark Ament
