Foreign sales from Brazil fetched USD 8.17 billion in September, the Ministry of Agriculture said.
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According to the Brazilian Institute of Geography and Statistics (IBGE), Brazil produced 238.4 million tons of cereals, legumes and oil seeds, a 28% hike over the previous year.
The Brazilian Institute of Geography and Statistics (IBGE) sees 225.8 million tons being harvested in the country this year, down 0.4% from July’s estimate and 6.2% from 2017 crop numbers.
Brazil exported USD 59 billion worth of goods from January to July, an all-time high for the period.
The AEB estimates that foreign sales will reach USD 224.445 billion in 2018, up 3.1% from 2017. The original projection was for a 1.1% increase.
A research by FGV shows that Brazil needs to discuss a new foreign trade policy due to the concentration of exports on a few products and destinations.
These were the second-most shipped Brazilian agribusiness products from January to May.
Foreign sales from Brazil were up 3% year-on-year. Soy, the primary driver of sales, accounted for 58% of total goods shipped abroad from Brazil.
Its first-ever international unit will cover the Middle East and North Africa. By 2020, the cooperative expects to double its sales to Arab countries.
Exports by Brazilian agribusiness totaled USD 8.89 billion last month. Year-to-date, exports generated USD 30.5 billion, up 4.4%.
