Flavio Maluf reports that the balance of June for the Brazilian agribusiness exports was a decrease from the previous year in the same month showing a reduction of 0.7 %. The results were announced on July 13 by the Secretariat of International Relations of the Ministry of Agriculture, Livestock, and Supply.
The Agribusiness exports reached a figure of 9.21 billion dollars which in total represents about 45.6 % of the total country’s exports during that month. Imports saw a reduction as they reached 1.04 billion dollars in 2018 decreasing by a percentage of 10.1 from the same period the previous year.
The president of Eucatex Flavio Maluf indicates that the result of the shift was balanced in trade of the agribusiness sector. Among those in the agribusiness sector at the report of June 2018 soy was the leading commodity accounting for around 53.5%. Others included forest products which were 14.4 % of the total exports. Meat, sugar-alcohol complex and coffee followed accounting for 8.3 %, 7%, and 3.9 % consecutively. Visit on his twitter for more updates.
Countries in the Asian region have been pointed out to be the major export destination of the Brazilian commodities. China mainly has been the major importer for the last year period as well as in the June and the 2018 half year.
Their imports were primarily cellulose and soybeans. The European Union is the second largest importer of Brazilian agribusiness products with sales of soybean meal, pulp, orange juice as well as green coffee accounting for around 208.1 million dollars’ worth of exports. The Brazilian Supply Company (CONAB) carried out a survey showing a favorable trading balance of the soybean complex.
Its production is expected to reach about 119 million tons an increase from the previous production by a percentage of 4.2. They also projected that the total export would reach 72 million tons for the year indicating a 5.6 % increase from the previous year.