Brazilian agribusiness exports reach US $ 6.41 billion in February

Brazilian exports of soybean oil, meat (beef, pork and chicken), cotton and the sugar / ethanol combination performed well in the country’s agribusiness trade balance, which totaled US $ 6.41 billion, in February.

The share of agro in Brazil’s full export volume was 39.2%, a decrease of 6.3% in comparison with the same month of the previous year.

The sector’s imports totaled US $ 1.06 billion in the month leading to a trade balance surplus of US $ 5.35 billion, according to the Agribusiness Trade Balance, prepared by the Secretariat for Trade and International Relations ( SCRI) of the Ministry of Agriculture, Livestock and Supply (Mapa).

Soy

Exports of soybean oil totaled US $ 62 million (+ 126.5%), following rises in both the average price of the product and in the quantity sold, which reached 69,000 thousand tons.

Meat

Meat sales totaled US $ 1.30 billion (+ 11.3%). There was an increase of 7.5% in the volume traded, with 559 thousand tons, and an increase in the average price of products in the sector at the rate of 3.5%.

“The main item traded in the month was beef, with US $ 564 million (+ 9%). With regard to quantity, there was a decrease of 5.7% in relation to February 2019, with 131 thousand tons negotiated, “says the survey.

According to SCRI, chicken meat exports appear in the second position in the sector, with sales of US $ 548 million (+ 5.8%).

Sales of fresh chicken meat registered a record high for the months of February, with 335 thousand tons (+ 11.5%), equivalent to US $ 525 million (+ 6.6%) and an average price during the period of US $ 1,567 per ton (-4.3%).

Pork exports reached US $ 154 million (+ 55.4%), with an increase of 25.4% in volumes traded and a 23.9% hike in the average price of Brazilian goods in the period. Exports of bovine meat fresh, in turn, broke records for the months of February in value (US $ 143 million) and in quantity (58,000 tons).

“Fluctuations in the exported values ​​of soybeans and meats remain influenced by the disarticulation of Chinese pork production, due to the African swine fever (PSA), which has affected the country’s pig herd since 2018. The United States Department of Agriculture United States (USDA, in English) estimates that Chinese pork production in 2020 should be 36 million tons, a volume 33.3% lower than that produced in 2018 ”, says the note from SCRI.

Sugar and alcohol complex

The sugar and alcohol complex totaled US $ 484 million, a 19.9% increase. Sugar sales were the most significant within the sector, with US $ 389 million (+ 14.6%) and 1.31 million tonnes traded (+ 12.4%).

Ethanol revenues reached US $ 94 million (+ 47.1%), with volumes up 46.7% (131,000 tons). The average price remains at approximately US $ 716 per ton (-13.1%).

Cotton

Exports of cotton also performed outstandingly, up 68.3% in February and totaling US $ 268 million. Exports of 170 million tons, at an average price of US $ 1,578 / ton, a 7.4% reduction in value compared to the same month of 2019.

Top destination in February

Asia was ranked as the top destination for Brazilian agribusiness exports with US $ 3.10 billion, 3.3% less than the same month in 2019.

China remained one of the top destinations, with $ 1.95 billion. This was an 8.6% drop compared to February 2019 (-US $ 183.04 million), and a fall in the country’s market share from 31.3% to 30.5%.

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