Brazil’s agribusiness foresees new export record in 2021

After topping the list of Brazil's total exports for six years, soybeans are likely to be displaced by iron ore this year. The evolution of commodity prices will determine the evolution of international trade.

RIO DE JANEIRO, BRAZIL - The importance of agribusiness in Brazilian foreign trade and, consequently, in national reserves, and the increase in the value of shares of companies in the sector on the stock market, have increased over the years.

The trend is for this scenario to continue, with the prospect of a new record in 2021, when the sector's exports are expected to exceed US$105 billion, higher than the previous year's result of US$101 billion, according to forecasts by the Brazilian Foreign Trade Association (AEB).

Soybeans continue to be the agribusiness flagship crop, with exports forecast . . .

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