Exports made by Brazil’s agricultural cooperatives reached US$415m last month, dipping 25% year-on-year. Imports rose by over 100%, reaching US$75m and causing the trade balance surplus to lower 34% over the same period comparison, reaching US$340m.
Argentina’s imports of apples grew 500% in the first seven months of this year compared to 2015. This is concerning given that between 2012 and 2014 there were no imports of this product. In total 688 tons of apples have been imported so far, all of it from Chile. Two of the main reasons cited for this growth in imports is the opening of the market to foreign companies and that Argentina’s harvest has been significantly lower this year.