The Center for Advanced Studies on Applied Economics (Cepea-USP) reported that despite a hike in foreign sales volume, lower prices led to a 2.7% drop in revenues.
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Brazil exported USD 59 billion worth of goods from January to July, an all-time high for the period.
The consortium led by the pulp and paper industry was the sole bidder in the auction held this Friday at the São Paulo Stock Exchange.
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.
Exports by Brazilian agribusiness totaled USD 8.89 billion last month. Year-to-date, exports generated USD 30.5 billion, up 4.4%.
