Value of Agricultural Production expected to fall by 2.7% in 2018

The amount obtained for crops and livestock, with data from September, was valued at R $ 574.25 billion, 2.7% lower than last year, which was R $ 590.18 billion, according to the Ministry of Agriculture, Livestock and Supply (MPLS). Crops showed a reduction of 1.7% and livestock production of 4.8%. Reductions in the production of important crops such as rice and corn have reduced production estimates for this year by 6%, according to Ibge, and in the South, the largest reduction occurred.

“With this year’s harvest almost closed, with only a few winter crops left, there should be no change in the gross value of production (VBP) trend this year,” believes the General Coordinator for Studies and Analysis of the Agriculture Policy Secretariat of the Ministry of Agriculture Agriculture, Livestock and Food Supply, José Gasques

The best performance has been observed in herbaceous cotton, with a 44.5% increase in VBP, cocoa, an increase of 27.8%, coffee, 6.6%, soybean, 11.8%, tomato, 4% and wheat, 79.7%. In general, the combination of prices and larger quantities achieved this year is contributing to these results. The group represents 56.2% of the value of the crops of 2018. Gasques highlights that soy, cotton and coffee, participate with 52% of this value. “Cotton and soybeans have achieved results above the series values.”

In the group with the highest revenue reduction, peanuts (-12.9%), rice (-17.6), banana (-9.2%), sugarcane (-14.3%), beans -32.4), orange (-19.2) cassava (-19.2), and grape (-26.3). This has occurred due to strong price reductions in some of these products, such as beans, orange, sugar cane and rice.

Also in livestock there is reduction of VBP in all evaluated components. This is more prominent mainly in chicken and eggs, where there was decrease in the VBP, of 19.6% and 13.1%, respectively, observes the coordinator. Regional data show the Central West leadership in the VBP, with R $ 166 billion, followed by the South, with R $ 143.8 billion, Southeast, R $ 142.8 billion, Northeast, R $ 53.5 billion and North, 33.5 billion.

This text was translated by machine from Brazilian Portuguese.