Agribusiness marked a new advance in September and consolidates growth from previous months

Agribusiness marked a new advance in September and consolidates growth from previous months

According to the stock market entity, this improvement “It comes mainly from the hand of exports both in the agricultural and livestock sectors.”

One of the agribusinesses that stood out the most during September was the sunflower grinding for flour and oil production, with an improvement of 39.1% compared to the same month of 2020, driven by strong growth in international and domestic prices.

A) Yes, the activity chained its sixth consecutive month of improvements, with jumps that reached 60% in the inter-annual comparison.

Also the soybean industrialization reached high growth values, with a 17.7% advance compared to September last year, which marked an uninterrupted increase in activity since the beginning of 2021.

Also, the malt brewing based on barley increased 4.7%, with increases of 11 consecutive months.

In the ninth month of the year, the milk production (4.6%); the pig slaughter (1.9%); and the bread wheat industrialization (2.4%), while the only activity that showed a decline was beef slaughter, with a 10% year-on-year drop.

Regarding the biofuels, the August data (the latest available) marked a 71% advance in biodiesel and 42% in corn-based bioethanol.

Source From: Ambito

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