Record imports for Agribusiness in the 1st half of 2021

The agricultural sector experienced record imports in this first semester. In addition to the traditional products that the country has to import from abroad annually, others were added to this list. From January to June, soybean imports increased 92%; corn, 102%; soy oil, 315%. Usually, external purchases of these products are occasional, but this year they gained importance.

Purchases of soy and soy oil occur due to the intense flow of Brazilian exports. On the other hand, corn purchases are verified because of low internal supply after the bad weather in the off-season. Wheat imports – the most important food imported by the country – remained stable. There were 3.3 million tons imported this year, slightly below the 3.4 million in the same period in 2020.

The country’s main spending on imports in the agribusiness sector, however, is spent on fertilizers and agrochemicals. Both reached record highs this year. From January to June, imported fertilizer totaled 16.6 million tons, 15% more. Expenses rose to US$ 4.6 billion, 31% more.

See below a history of Brazilian agribusiness imports since January 2018:

Brazilian Agribusiness Imports | Jan 2018 to May 2021 | WTMT

Graph source: DataLiner  (To request a DataLiner demo click here)

The increase in agricultural production area in the country also led to record imports of pesticides. In the first half of this year, 135,000 tons of these products were purchased in the foreign market, an increase of 23% compared to the previous period. The top purchases were herbicides, germination inhibitors, and growth regulators. There were 55,000 tons imported.

Source: Agro Vision

To read the full original article, visit the link: https://visaoagro.com.br/agronegocio/agronegocio-tem-recorde-de-importacoes-no-1o-semestre-de-2021/

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