Brazil agribusiness reports $7.48 bi surplus in August
As for the soybean complex (grain, chaff and oil), for instance, the revenue fell from $3.6 billion to $3.1 billion, a decline of 14.1%. There has been a reduction in the sale of grain sales, but chaff and oil mounted. In spite a lower figure for the volume exported, the soybean complex ranks first on the revenue list.
The balance sheet for Brazil’s agribusiness closed out August with a surplus of $7.48 billion. Sales to other countries totaled $8.89 billion, whereas purchases cost $1.41 billion. Figures were released on Tuesday (Sep 9) by the Ministry of Agriculture, Livestock and Supply.
According to the data, however, the revenue from exports was reported to drop by 12.5% against August last year. As for the soybean complex (grain, chaff and oil), for instance, the revenue fell from $3.6 billion to $3.1 billion, a decline of 14.1%. There has been a reduction in the sale of grain sales, but chaff and oil mounted. In spite a lower figure for the volume exported, the soybean complex ranks first on the revenue list. In August, the income accounted for 40.4% of exports.
The sugar-alcohol complex was also observed to decline, going from $1.6 billion to $994 million—a decrease of 40.9%.
Another sector with a remarkable performance is meat, for which a growth has also been reported. Its income climbed up from $1.42 billion in 2013 to $1.52 billion this year—a 6.6% rise.
Translated by Fabrício Ferreira
Fonte: Brazil agribusiness reports $7.48 bi surplus in August
