Business · Trade · 6 hrs ago

Brazil’s farm exports near record, but final quarter is uncertain

Brazil’s farm exports near record, but final quarter is uncertain

Brazil earned $133.6 billion from agricultural exports in the first nine months of 2026, 5.5% more than in the same period last year.

The sector is on track to approach its 2025 export record of $169.2 billion, but the final quarter is uncertain.

Soybeans and meat are major drivers of the gains, with soybean exports reaching 100 million tonnes by September.

China, a key buyer of Brazilian soy and beef, bought 12% less Brazilian soy in September than a year earlier and sharply reduced beef purchases after its tariff-free import quota was used up.

China has been buying more US soy, while beef purchases fell 94% from September 2025.

Coffee and sugar exports have also brought in less money, as both export volumes and average prices declined.

Agricultural exports made up a smaller share of Brazil’s total export earnings than a year earlier, and the coming months will show whether the sector can stay near record levels.

Sources

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