Brazilian Agribusiness Exports Drop 9.5% in August Amid Lower Corn Production

Data from the Secretariat of Commerce and International Relations of the Ministry of Agriculture shows that in August, Brazilian agribusiness exports totaled $14.1 billion, a value 9.5% lower than the $15.6 billion recorded in the same month last year.

The performance is driven by a drop in revenue, reflecting the devaluation of several products, and a decrease in volume, where the decline was more significant. One of the most notable reductions was in the export of corn from Brazil, which fell by 35% in the month, largely due to a reduced harvest severely affected by weather conditions this year.

The following graph uses data derived from DataLiner to show the month-by-month progression of corn exports from Brazil between January 2021 and June 2024. A demonstration is available upon request via the link below.

Corn Export Volume | Jan 2021 – Jun 2024 | WTMT

Source: DataLiner (click here to request a demonstration)

Source: Globo Rural

Sharing is caring!