Corn, coffee and sugar exports grow in November

Agribusiness foreign sales resulted in US$7,94 billion in the month

10.12.2020 | 20:59 (UTC -3)
Map

Foreign sales of the sugar and alcohol complex (sugar and alcohol), corn, green coffee and forestry products (cellulose and wood) grew sharply in November this year, according to the Secretariat of Commerce and International Relations of the Ministry of Agriculture, Livestock and Supply (Map).

The ten main export products of Brazilian agribusiness in November were: corn (US$ 878,36 million; +27,6% and 4,9 thousand tons); raw cane sugar (US$765,39 million; +62,9% and 3 thousand tons); fresh beef (US$738,52 million; -1,9% and 168 thousand tons); green coffee (US$577,68 million; +41,9% and 276 thousand tons); soybean meal (US$553,13 million; +32% and 1,4 million tons); cellulose (US$551,11 million; +19% and 1,5 million tons); soybeans (US$ 541,80 million; -70% and 1,5 million tons); cotton not carded or combed (US$500,10 million; +21,3% and 333 thousand tons); fresh chicken meat (US$448,59 million; -12,1% and 334 thousand tons); fresh pork (US$ 188,54 million; +36,2% and 76 thousand tons).

As for foreign corn sales, according to SCRI analysis, they grew 19,1% in November, reaching a record 4,9 million tons for the months of November. The record volume added to the 7,1% increase in the average grain export price generated revenues of US$878,36 million from exports

There was also an intense increase in the volume of sugar exported compared to the same month in 2019, with an expansion of 60,7%, reaching 3,09 million tons exported in November 2020 at an average price of US$291 per ton (similar to 2019). Thus, the exported value of sugar rose to US$ 900,93 million. The country that imported the most sugar was China, with the purchase of US$ 131,45 million of Brazilian sugar (+721,6%).

Coffee had an expansion of 37,7% in foreign sales, equivalent to an increase of US$ 170,61 million in absolute values.

The forest complex's main export product in November was cellulose, with a record volume of 1,48 million tons (+21,6%). Although the volume was significant, the fall in international prices prevented a greater increase in exported value, reaching US$551,11 million (+19%). Still in the sector, exports of wood and its articles totaled US$ 356,96 million (+22,1%) and paper exports totaled US$ 143,49 million (-2%).

Soy Complex

Foreign sales of the soybean complex (grain, bran and oil) fell 50,6%, from US$2,24 billion in November 2019 to US$1,11 billion in November 2020. According to SCRI, the The main factor behind the drop is related to the anticipation of exports in the first months of the year.

The volume exported from January to November and the low stocks of soybeans in Brazil meant that the quantity went from almost 5 million tons in November 2019 to 1,47 million tons in November 2020, a drop of 70,3 .1,81%. The exported value of soybeans fell from US$2019 billion in November 541,80 to US$2020 million in November 70 (-XNUMX%).

Soybean meal exports rose from US$418,93 million in November 2019 to US$553,13 million in November 2020 (32%). The quantity of the product exported was a record: 1,41 million tons. Foreign sales of soybean oil fell 23,3%, reaching US$13,57 million.

In the accumulated period, from January to November, shipments of soybeans represented US$ 28,48 billion (14,5%), reaching a record of 82,75 million tons (16,9%). China was the destination for 73,4% of Brazilian soybean exports in 2020, with US$20,90 billion.

Trade balance 

Agribusiness exports totaled US$7,94 billion in November this year, a drop of 1,5% compared to November last year (US$8,06 billion). The exported value was impacted by the 2,3% drop in the price index for export products. On the other hand, there was a 0,9% increase in the export quantum index, slowing the decline in average export prices.

Agribusiness had a 45,3% share in total Brazilian exports (US$ 17,53 billion). Imports of agribusiness products rose 22,1% in the comparison between November 2019 and November 2020, rising from US$1,08 billion to US$1,31 billion.

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