Tue, 03 Aug 2021

Brazil sees record-high agri-food exports in May

Xinhua
17 Jun 2021, 13:05 GMT+10

BRASILIA, June 16 (Xinhua) -- Brazil registered record-high agri-food exports in May worth 13.94 billion U.S. dollars, up 33.7 percent from a year earlier, the Agriculture Ministry said on Wednesday.

According to the ministry, the exports grew 7.3 percent year-on-year in terms of volume.

Rising international commodity prices helped boost the revenue, the ministry said in a report, citing analysts.

"Analysts note the pandemic ushered in a new era of commodity-intensive use, as governments emphasize job creation and environmental sustainability, rather than the financial stability brought on by the crisis in 2009," the report said.

Soy is the country's leading agricultural export, accounting for almost 60 percent of all agri-food exports in May.

According to official data, Brazil registered a record export volume of 16.4 million tons of soybeans in May, a year-on-year increase of 16.3 percent, generating record revenues of 7.34 billion dollars, up by 56.3 percent.

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