Revenue grew 28.6%, according to data compiled by the Ministry of Agriculture
Brazilian agribusiness exports had the best March since the beginning of the historical series analyzed by the Ministry of Agriculture, which started in 1997. According to data released by the entity last Friday, the country shipped US$11.57 billion last month, an amount 28.6% higher than in March 2020.
The increase in commodity prices was an influential factor, says the ministry – prices rose 8.7% in comparison with March 2020. Volumes shipped however grew 18.3%.
The soy complex (grain, oil and bran) was the most prominent sector, with an increase of US$1.66 billion in absolute exports. “Heavy rainfall during the first two months of 2021 led to harvesting delays and pushed shipments of soybeans into March”, said the Ministry of Agriculture.
Despite the records, however, the number of vessel calls registered in March 2021 was not higher than in the same period in 2020. The number of calls was 214 in both years.
