Brazil's agribusiness sector posted a record trade surplus of $34.13 billion in 2004, up 32 percent from the $25.85 billion registered in 2003, as meat exporters took advantage of the sanitary problems of their competitors and key customers enjoyed economic growth, the Agriculture Ministry said Thursday.

For 2005, rising sugar, coffee and meat prices will be partially offset by slumping soy quotes, but foreign sales will likely grow 10 percent to 15 percent next year, said Eleizer Lopes of the Ministry's trade department.

Farm exports totaled $39.16 billion in 2004, up from $30.66 billion the year before.

Brazil's agribusiness trade surplus was larger than the overall surplus of $33.7 billion in 2004.