In February, Brazil recorded corn exports of 5.37 million tons. According to data from the Ministry of Development, Industry and Foreign Trade, this is almost five times higher than exports for February 2015, which stood at 1.10 million tons.
Last year, the Brazilian economy shrank 3.8%, totaling a gross domestic product (GDP) of $1.58 trillion, according to data from the Brazilian Institute of Geography and Statistics (IBGE). The political and economic crisis, which led to GDP growth of only 0
The delay in soybean planting for the 2015/2016 season due to drought in some growing regions has not affected the harvest or the pace of exports of Brazil’s soybeans. In February, Brazil exported 2.036 million tons, generating $715.3 million in revenue.