São Paulo – Brazilian agribusiness exports reached USD 9.97 billion in May, up 3% year-on-year, the Ministry of Agriculture, Livestock and Supply reported this Wednesday (13). The Ministry said the hike in sales was driven by a 1.3% increase in average prices of goods and a 2% increase in shipped amounts.
Soybeans, oil and bran was the force behind the hike, since the bulk of output is shipped in May, according to the Ministry. Soy exports fetched USD 5.81 billion, up 22.9% year-on-year, and the item accounted for 58.2% of total agribusiness exports from Brazil.
Forest products were the second most-shipped item, grossing USD 1.11 billion, up 14.2% year-on-year, with exports driven by wood pulp. Meats placed third with a 9.6% drop in exports to USD 1.11 billion, the main culprit being a drop in poultry exports.
Sugar and ethanol and coffee exports also went down, while sales improved for orange juice, rice, livestock, mangoes, Brazil nuts and melons.
Year-to-date through May, agribusiness exports from Brazil came out to USD 40.32 billion, up 3.8% from a year ago.
Translated by Gabriel Pomerancblum
