Brazil reports record year for ag exports
BRASILIA, JAN 10 (AP/UNB) - Brazil's government says agricultural exports last year hit a record high, mostly on the back of Chinese demand and surging prices.
Brazil's Agriculture Ministry says exports surged to $94.6 billion last year. That's 24 percent higher than in 2010.
Agriculture Minister Jorge Ribeiro says the goal for 2012 is $100 billion.
High prices for farm goods boosted Brazil's exports. The price for soy in 2011 was 30 percent higher than the previous year, and soy products represented 39 percent of the exports.
That was followed by coffee, which represented 16 percent.
China was the biggest destination for Brazilian agricultural products. The Asian nation bought $16.5 billion worth of the goods.
Brazil's Agriculture Ministry says exports surged to $94.6 billion last year. That's 24 percent higher than in 2010.
Agriculture Minister Jorge Ribeiro says the goal for 2012 is $100 billion.
High prices for farm goods boosted Brazil's exports. The price for soy in 2011 was 30 percent higher than the previous year, and soy products represented 39 percent of the exports.
That was followed by coffee, which represented 16 percent.
China was the biggest destination for Brazilian agricultural products. The Asian nation bought $16.5 billion worth of the goods.
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