Farm produce accounts for 42% of Brazil's exports

11:18, February 19, 2010      

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The exports of farm produce accounted for 42 percent of all Brazilian exports in 2009, Brazilian Agriculture Minister Reinhold Stephanes announced on Thursday.

According to the minister, the percentage means a highest share of Brazil's agricultural exports in three decades. He stressed, however, that the figures do not reflect a sharp increase in agricultural production.

"It does not mean that Brazil's agribusiness sales increased. Rather, it was a result that the exports of other sectors fell due to the global financial crisis," said Stephanes.

In 2009, Brazil's agricultural exports generated a total income of 65.8 billion U.S. dollars, down 9.8 percent from 2008.

In 2010, Stephanes expects Brazil's agribusiness exports to increase by 10 billion U.S. dollars due to negotiations to remove barriers erected by 25 countries against Brazilian exports.

Source: Xinhua
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