From the Newsroom*
São Paulo – Brazilian agribusiness export revenues in the month of August reached US$ 5.8 billion. The value represented growth of 13% over the month of August in 2006 and is also a historic record. Imports, however, grew more: 35% to US$ 824 million. The trade balance surplus in the month was US$ 5.03 billion.
According to figures supplied by the Ministry of Agriculture, Livestock and Supply, the sectors that most contributed to the performance were soy, cereals and meats. In the case of soy and meats, there was an increase mainly due to high prices, as the volume of exports of both products dropped.
Sales of products in the sugar and alcohol sector, in turn, dropped 17.9% in value when compared with the same month in 2006. Exports of sugar dropped 13.6% in terms of value, but rose 23.3% in volume. Alcohol export revenues dropped 29.3%, due to a 7.5% reduction in the volume shipped and a 23.5% reduction in values.
*Translated by Mark Ament
