Agribusiness brings Brazil exports close to record despite global crisis

Agribusiness exports from Brazil were valued at US$ 79 billion in the first half of this year, an increase of around 30% compared to the same period in 2021. According to projections released by Insper Agro Global, if the growth pace remains steady in H2, exports could reach US$ 140 billion and set a new record.

According to the analysis by Insper, the main factor that drove the value of exports upward was the increase in international prices, a movement that stemmed from the war between Russia and Ukraine, which led to food supply restrictions and restrictive export policies.

Insper’s data also show that a few food items drew attention more than others. The value of Brazilian exports of soybean oil and bran grew by 136% and 48% in the first half of 2022, respectively. The corn market registered an increase of 147% and the wheat market of 525%, also influenced by the current global situation.

See below the track record of the soybean oil volume exported per month from Brazil in the period between January 2021 and May 2022. The data below is from DataLiner.

Soybean oil exports from Brazil | Jan 2021 – May 2022 | WTMT

Source: DataLiner (click here to request a demo)

Coffee also grew during the same period, and the value of beef and chicken exports increased by 53% and 37%, respectively. On the other hand, Pork saw a reduction of 18%, as well as sugar and cotton, which showed a drop in exported values.

The report also highlights the issue of fertilizer imports, a market affected by international conflicts. The value of Brazilian imports in this segment increased 177% in the first half of 2022 year-on-year.

See below the track record of Brazilian fertilizer imports from January 2021 to May 2022. The data is from the DataLiner platform.

Fertilizer imports – Brazil | Jan 2021 – May 2022 | WTMT

Source: DataLiner (click here to request a demo)

The document shows that the value of agribusiness exports from Brazil to the European Union grew by 42%; 198% for India; 41% for Japan; 54% for Argentina; and 59% for countries in the Middle East and North Africa region.

Source: BroadCast Agro

To read the full original article, please go to: http://broadcast.com.br/cadernos/agro/

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