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Agribusiness exports reach record high through November

Agriculture

According to data from the Ministry of Agriculture, Fisheries and Food Supply, there were higher sales of soybeans in grain, corn and pulp from January to November

An important segment for the economy, agribusiness registered another record this year. From January to November, the sector's exports totaled US $ 89 billion, a result 13% higher than the one obtained in the same period of last year. The data comes from the Ministry of Agriculture, Livestock and Supply, and were released on Monday (11).

According to the pulp, the numbers were reached due to the increase in sales of soybeans (+ 29%), corn (+ 21.2%) and cellulose (+ 3.2%). In total, agribusiness exports accounted for 44.5% of the trade balance of the Brazilian trade balance until November 2017.

In November, the sector's exports totaled just over R $ 7 billion, with higher shipments of soybeans in grains,  corn, cotton and fresh beef. In the case of soybeans, agribusiness registered a record result for November, when it exported 2.1 million tons of the product. 

With important performance among economic indicators, the trade balance has had a record performance in recent months. In 2017, projections point to a historical result: the Brazilian trade balance, which is the difference between exports and imports, could reach US $ 70 billion, according to the Ministry of Industry, Foreign Trade and Services (MDIC).

Source: Government of Brazil, with Map and MDIC information