Brazilian agribusiness exports continue to record record volumes in 2018, according to research carried out by Esalq / USP, Cepea (Center for Advanced Studies in Applied Economics). From January to September, the shipped quantity surpassed in 1% to that of the same period of the last year. As for the billing, it already reached US $ 76 billion in the partial of 2018, favored by the recovery of the dollar in that period. Domestic currency revenues increased more than 10% due to the 9% devaluation of the real.
Researchers from Cepea indicate that soybeans were the flagship of the positive result from January to September 2018, with China as the main destination – the Asian country absorbed almost 80% of Brazil’s oilseed sales in 2018.
Destiny
From January to September 2018, China remained the main destination for Brazilian agribusiness exports, with more than 34% of the total, followed by the Euro Zone (13%) and the United States (6%).
Another important product is beef. Of the total Brazilian beef exported from January to September, almost 28% had China as its destination – the country is the second main destination of Brazilian exports of this product, behind only Hong Kong.
Next months
Inflation around the target and the reduction in interest rates may favor investments in agricultural production, which contributes to Brazil’s expansion of food, fiber and energy supply in the coming months. In addition, international demand seems to hold steady, with China demonstrating a strong willingness to increase its food purchases.
In relation to the real, the definition of the national political framework should bring some stability to the national currency by the end of 2018. The high Brazilian supply in the last harvest and high external prices should be essential factors for the sector to maintain its good performance in the the last months of 2018.
This text was translated by machine from Brazilian Portuguese.