Brazil: Agribusiness exports hit record in January

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For the first time, agribusiness exports exceeded US$10 billion in January.

Last month, the segment sold US$10.23 billion abroad, a growth of 16.5% in relation to January 2022 and the best result in history for the month.

The Ministry of Agriculture and Livestock released the numbers.

In January, agribusiness accounted for 44.4% of Brazilian exports.

According to the ministry, the record value resulted from a 10.5% increase in export prices and a 5.5% increase in the quantity shipped.

Agribusiness imports totaled US$1.54 billion in January, up 38.3% compared to January . . .

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