ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

Soy and Meat Lead Brazil's Record Farm Exports

by 5m Editor
11 July 2005, at 12:00a.m.

BRAZIL - Brazil&#39;s farm exports reached a historical high of US$ 20.2 billion in the first half of this year, an increase of 10.2% over the same period in 2004, reports the Ministry of Agriculture. Soy continues to lead the farm export sector, with revenue of US$ 4.36 billion, even though international soy prices have fallen 20.03%. In second place are Brazilian meats (beef, pork and poultry) with US$ 3.63 billion in export revenue, an increase of 31.56% over the same period last year. Sugar and Brazil&#39;s sugarcane-based ethanol fuel (which is also used as a gasoline additive) are in third place with exports of US$ 2.07 billion, an increase of 73.2%. Other export highlights were lumber and items made of wood, paper and cellulose, and leather, skins and footwear - all segments exporting over US$ 1.5 billion each. Also strong was coffee, US$ 1.32 billion in export revenue, up 64% over the same period in 2004. &quot;In spite of problems with the weather and the exchange rate, we have done well because of the diversity of our exports,&quot; explained minister of Agriculture, Roberto Rodrigues. Cumulatively, over the last 12 months, farm export revenue has reached US$ 40.7 billion, an increase of 14.7% over the prior 12-month period. <em>Source: Brazil Magazine</em>

5m Editor