The Gross Value of Brazilian Agricultural Production (VBP) is expected to close 2018 at R $ 578.2 billion, down 2.3% on last year’s results, when result was 591.7 billion and the lowest value obtained in the last according to information released today (21) by the Agricultural Policy Secretariat of the Ministry of Agriculture, Livestock and Food Supply (MAPA).
According to data from the ministry, of the total revenues expected for the year, the crops generated R $ 391.8 billion and cattle raising, R $ 186.3 billion. In relation to last year, the crops had a real reduction of 1.2% and livestock production of 4.5%. Reducing the value of relevant products such as rice, sugar cane, beans, orange, manioc and corn was the main factor that affected the result, explains José Garcia Gasques, the secretary’s coordinator.
Among the products with the highest turnover, considering price and production, the highlight is for cotton, up 47.6% over 2017, cocoa (35.8%), coffee (8.3%), castor bean (107 , 6%), soy (12.4%), tomato (5.4%), wheat (78%). These products represent 57% of the value of the crops.
Other products have benefited from higher agricultural prices compared to the year 2017. Among these, we can highlight cotton with a real average increase of 15.0%, cocoa, 15.1%, corn, 11.3%, onion , 23.5%, soybean, 9.8%, tomato, 7.7%, wheat, 29.9% and apple, 5.9%.
Projections for 2019
The prognosis for the next crop is still divergent due to the very preliminary stage of the information available. The Brazilian Institute of Geography and Statistics (IBGE) estimates an estimated 226.7 million tons of grain, and the National Supply Company (Conab), presents a range between 233.7 million and 238.2 million tons. Also in a very preliminary way, the 2014 VBP is estimated at R $ 584.7 billion, slightly above the estimate for this year.
This text was translated by machine from Brazilian Portuguese.