How were agricultural exports?


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The Foreign Trade Secretariat (Secex) released data on agribusiness exports in July, which totaled USD 14.2 billion, a value 9.0% lower compared to the previous month and 25.7% higher than Jul/21. For the first time in the year, external sales revenue was reduced in relation to the previous month. In the soybean complex, the volume of grain exports reached 7.5 million tons – a decrease of 13.3% compared to Jul/21. Soybean oil recorded 221 thousand tons in foreign sales, a volume 81.62% higher compared to the same month last year.

For soybean meal, an increase in the volume shipped was also recorded, 2.3% versus Jul/2021. Regarding prices, tons of the complex's three main products increased by 36.4%, 29.6% and 11.1% for grain, oil and bran, respectively compared to Jul/21. In the animal protein sector, for fresh beef, 167 thousand tons of the product were exported in Jul/22. Sales are 9.6% higher in quantity compared to what was shipped in the previous month. Compared to exports from Jul/21, the volume is 1.1% higher.

For chicken meat there was a decrease of 4.5% in the volume exported in Jul/22 compared to the seventh month of 2021, while in pork the decrease was greater, as external sales of the product recorded in Jul/22 fell by 5.2% in compared to that recorded in the same month of the previous year. As for prices in dollars for animal proteins, the values of chicken and beef were 27.2% and 20.3% higher in the comparison of the seventh month of this year versus Jul/21. On the other hand, in the same period, pork showed a drop of 4.6% in the quoted ton.

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In the sugar-energy complex, if comparing Jul/22 against Jul/21, the quantities of refined and raw sugar shipped increased by 17.9% and 16.2%, respectively. On the other hand, ethanol registered a lower volume of 4.8% in the same comparison. Prices in dollars were higher for the three main products compared to Jul/21, 33.8% for ethanol, 18.4% for refined sugar and 18.1% for raw sugar. As for foreign sales of corn, the volume of 4.1 million tons exported in Jul/22 was 106.9% higher than that shipped in Jul/21.

In addition to the strong external demand for the Brazilian product due to the conflicts in Eastern Europe, the compromised production of second harvest corn in 2021, especially in the Center-South region, contributed to this increase in foreign sales of the cereal. Regarding prices in dollars, the product registered an increase of 40.0% compared to the Jul/21 price. In relation to cotton, the total shipped in the seventh month of the year was 61.7% lower compared to the same month in 2021, but prices in dollars increased by 58.3% in the same period.

The data is from Consultoria Agro Itaú BBA. 

Source: Aline Merladete | agrolink

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