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Exports by Brazilian agribusiness in February $5.93 billion

Staff Writer |
Brazilian agribusiness exports to the Middle East totaled $1.336 billion in the first two months, an increase of 22.8% over the same period of last year.

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This is according to the Ministry of Agriculture, Livestock and Supply (MAPA).

With the result, the share held by the region in total foreign sales by the sector went from 9.3% in January and February of 2016 to 11.3% in the first two months of 2017.

The Middle East came at the third position among the blocs that imported the most products from Brazil, trailing only Asia and the European Union.

Total exports by Brazilian agribusiness in February generated $5.93 billion, a decline of 11.6% over the same month of last year. Shipments by the sugar and alcohol and paper and wood pulp sectors declined.

In the first two months, foreign sales of Brazilian agribusiness totaled $11.8 billion, an increase of 0.9% over the first two months of 2016.

The soy complex (grains, bran and oil) was the highlight of exports in January and February.

Besides being the group of products at the top of domestic sales, it also registered a strong surge in shipments: 65% in February and 61% in the first two months of the year.


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