São Paulo – Brazilian agribusiness export revenues reached US$ 9.837 billion in August, a 34.7% increase compared with the same month of last year. According to the Ministry of Agriculture, Livestock and Supply, the figure is an all-time high.
The products that contributed the most to the result, according to the ministry, were soy grain, oil and chaff, sugar and ethanol, grain, flours and their products, and coffee. Soy alone, including grain, chaff and oil, accounted for one quarter of exports during the month.
Export targets in August included three Arab countries, according to the ministry: Saudi Arabia, Egypt and Algeria. Exports to the former totalled US$ 283.6 million, 73% more than in August 2010; sales to Egypt stood at US$ 267.6 million, 103% more; and sales to Algeria reached US$ 180.3 million, 101% more. These countries rank 7th, 10th and 17th, respectively, among the leading markets for Brazilian agribusiness.
From January to August, exports reached US$ 61.5 billion, 23.9% more than in the same period of last year, according to the ministry.
*Translated by Gabriel Pomerancblum
