Agrobusiness - Sector's exports hit record

Brazilian agribusiness exports reached U.S. $ 72.3 billion between October 2009 and September 2010, beating the record in the series for the period of 12 months. To overcome the global financial crisis, the Ministry of Agriculture predicts that the annual record, won in 2008 with $ 71.8 billion, has been hit this year, reaching around U.S. $ 73 billion. The data was released yesterday, 13 days.

The September result is also a record for the month with $ 7.36 billion and was 28.1% higher than the same month last year. Imports also increased 32.6% compared to August, reaching $ 1.17 billion. The trade balance of the month, with this performance, recorded a surplus of $ 6.18 billion.

The ministry reported that products that contributed most to the increase in exports were coffee (44.3%), meat (14.2%), cereals, flours and preparations (151.5%), fruit juices (117.3 %), forest products (18.3%), soy (6.7%), and fiber and textile products (58.7%).

The countries that increased their purchases from Brazil were Algeria (337%), Egypt (113.4%), Saudi Arabia (68.0%), Iran (63%), Italy (62%) Japan (55.9%), China (50.8%), and South Korea (46.7%). (Source: Agência Brazil)

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