Agricultural exports are set to increase by 12% in April 2026.

Brazilian agribusiness exports registered their second-highest monthly value in the historical series in April 2026. Data from the Secretariat of Foreign Trade (Secex), analyzed by Itaú BBA's Radar Agro, indicate revenue of USD 16,6 billion, a 12% increase compared to the same month in 2025. This result was second only to May 2023.

The soybean complex was one of the main highlights of the period, driven by the greater availability of the grain. Exports of soybeans totaled 16,7 million tons, generating USD 7 billion in revenue. In volume, it was the largest shipment of the product in the year. The average price reached USD 416 per ton, an increase of 8,4% compared to the previous year.

In the soybean meal sector, the volume exported grew 13% compared to April 2025, totaling 2,4 million tons. The average export price reached USD 363 per ton, a 2,7% increase on the same basis of comparison.

Soybean oil exports totaled 180 tons, a 7,8% decrease compared to April of last year. Despite the drop in volume, prices registered their fifth consecutive month of appreciation, with a 15% increase year-on-year, reaching USD 1.191 per ton.

Ethanol exports totaled 87 tons, a 50% decrease compared to April 2025. Conversely, the average price rose 8%, to USD 624 per cubic meter.

VHP sugar shipments reached 958 tons, a 1,2% increase year-on-year. The average price, however, fell 23% to USD 359 per ton.

In refined sugar, shipments totaled 225 tons, a 10% decrease compared to the same month last year. The average price was USD 422 per ton, a 19% drop.

Cotton exports reached 348 tons, a 55% increase compared to April 2025. Despite the strong growth in export volume, prices fell for the seventh consecutive month, to USD 1.513 per ton, a 7,3% decrease year-on-year.

In the meat segment, the volume of fresh beef exports increased by 4,3% compared to April 2025, totaling 252 tons. The main highlight was the rise in prices, which increased for the fifth consecutive month, reaching USD 6.241 per ton.

In the fresh pork sector, the volume shipped increased by 9,7% year-on-year, to 121 tons. Prices remained stable at USD 2.497 per ton.

As for fresh chicken meat, shipments totaled 417 tons, a 2,5% increase compared to April of last year. Prices rose 2,1%, to USD 1.949 per ton.

Fertilizer imports

Brazilian fertilizer imports totaled 3,2 million tons in April, a decrease of 11% compared to the same period last year. The decline was mainly driven by phosphate and nitrogen fertilizers, amid the impacts of the war in the Middle East on international prices and supply logistics.

Purchases of urea fell by about 200 tons, a movement practically offset by the equivalent increase in imports of ammonium sulfate, indicating a substitution between nitrogen sources.

The biggest negative impact, however, came from phosphates. Imports of MAP decreased by about 200 tons, while those of single superphosphate fell by approximately 300 tons.

In terms of prices, MAP was imported at an average value of USD 733 per ton FOB, an increase of 8,5% compared to March 2026 and 16% compared to April 2025. Urea registered an average price of USD 574 per ton FOB, an increase of 55% year-on-year and 16% compared to the previous month.

The report notes, however, that a significant portion of shipments still reflects previously closed contracts and volumes already positioned in the line-up, which limits the data's ability to fully capture the most recent market conditions.