Pushed by Soy and Sugar Brazil’s Agribusiness Exports Jump 11% in 2006

Agribusiness sales in Brazil grew 16% in the month of March when compared to the same month last year. The sector had total revenues of US$ 3.9 billion, according to figures supplied by Brazil’s Ministry of Agriculture, Livestock and Supply.

The value exported is a historic record for months of March. Agribusiness imports reached US$ 583 million, with growth of 28.4%, generating a surplus of US$ 3.395 billion in the sector trade balance.

The good performance of exports took place mainly due to the sectors of soy, sugar and alcohol, pulp and paper, leather and leather products and meats.

Exports of the soy complex totaled US$ 928 million, 30.8% more than in the month of March 2005, when exports totaled US$ 710 million. The result was powered by sales of soy in grain, which grew 44.7% in quantity exported and 7% in prices.

Meat sector export revenues grew 5% in March, with US$ 618 million, but the volume exported fell 1%. There was a 6% price increase. Exports of chicken fell 5.4% in terms of quantity, but 3.5% greater prices resulted in a drop of just 2% in revenues.

Sales of sugar and alcohol reached US$ 494.3 million in March, against US$ 337.7 million in the same period in 2005. Alcohol export revenues totaled US$ 70 million in March, 4.4% more than the value exported in March last year.

From January to March, agribusiness exports reached US$ 9.797 billion, 11.5% over the value exported in the same period in 2005.

In the accumulated result for the 12-month period between April 2005 and March 2006, sector exports totaled US$ 44.609 billion, 11.6% more than the value exported in the period from April 2004 to March 2005, which totaled US$ 39.965 billion.

Perdigão Joins New Market

Food company Perdigão just joined the New Market of the São Paulo Stock Exchange (Bovespa). The New Market is made up of companies committed to corporate governance practices.

Perdigão is the first traditional company in the capital market to enter the New Market, which should offer the shareholders and investors more transparency and liquidity. The company is going to convert all their shares into ordinary shares.

Anba

Tags:

Ads

You May Also Like

Brazil Targets US & Mexico to Make Up for Lost Poultry Market

Brazil’s Poultry Exporters Association (Abef) promises to work hard to open new markets this ...

Being Born Still Too Dangerous in Brazil

Recent Brazilian statistics show that 74.5 women die in every 100 thousand live births. ...

Five Things President Obama Can Do Now to Improve U.S.-Brazil Relations

The election of Dilma Rousseff as Brazil’s first woman to drape Brazil’s presidential sash ...

Light Trading in Brazil While Varig Learns Bankruptcy Is the Best Medicine

Brazil’s stock market inched ahead, while Mexico receded. Investors are awaiting meaningful data from ...

New Cattle Tracking Chip Should Consolidate Brazil as Top Beef Exporter

Brazil's company Ceitec Semiconductor Solutions, connected to the Ministry of Science and Technology, presented ...

Brazil Police Evict Indians and Abandon Them on Roadside

Brazil’s Federal Police and Mato Grosso do Sul state police agents, acting under a ...

Embraer Brings 4% of Brazil’s Trade Surplus

The Brazilian Aircraft Corporation S.A. (Embraer), Brazil’s largest exporter of manufactured goods, closed the ...

Cornfield in Brazil

Good Weather Brings Brazil Super Soy, Corn and Cotton Crops

Brazil's National Food Supply Company (Conab) has just disclosed the seventh survey for the ...

America is bad, Brazil is worse

Since we’ve published in our January issue “America, the Ugly”, an interview with Ana ...

Gal in Caymmi’s Court

Brazilian theater started to flourish in the ’30s with the production of texts by ...