Brazil’s currency devaluations had a positive effect on agricultural trade

USDA released a graph showing the effect of the currency devaluations on agricultural trade. It shows a positive effect, that can contribute to an increase in export orientation for Brazilian agriculture.

A line graph of the Brazilian real/U.S. dollar exchange rate from 2005-19 on falling from 2005-11 then increasing from 2011 onward with the value of Brazilian exports on the left axis increasing incrementally then more steadily from 2011 onward.

Source: USDA

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