IPEA: Agribusiness exports grew 20.9% in the first six months, and China is the main market
Jul, 23, 2021 Posted by Ruth HollardWeek 202129
On July 23, the Institute for Applied Economic Research (IPEA) released a study on Brazilian agribusiness foreign trade, in addition to the balance of global supply and demand for the main products. According to the IPEA Conjuncture Group, the trade balance of the sector’s products ended June 2021 with a positive balance of US$ 10.8 billion.
In the accumulated result for the year up to June, agribusiness exported US$ 61.5 billion, surpassing the volume traded in the same period last year – US$ 50.9 billion – which corresponds to a growth of 20.9%.
“In June, Brazilian exporters began to feel the partial recovery in average export prices for most agribusiness products, especially beef, soy, and corn,” said Ana Cecília Kreter, an associate researcher at IPEA and one of the authors of the study. However, the average price of the analyzed commodities in June is still below the record highs at the beginning of the last decade.
The volume of Brazilian agribusiness imports can be seen in the DataLiner chart below:
Brazilian Agribusiness Import | Jan 2018 to May 2021 | WTMT
Graph source: DataLiner (click here to request a demo)
Source: Comex do Brasil
To read the full original article, visit the link:
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