Brasília – The agribusiness Gross Domestic Product (GDP) of Brazil dropped 0.53% in the first quarter of 2009. Starting in October last year, when the effects of the global crisis were felt, the sector accumulated losses of 2.26%.
These figures were included in the study by the National Confederation of Agriculture and Livestock (CNA) of Brazil. According to the organisation, for the same total as last year to be reached, when the GDP totalled 764.6 billion reals, agribusiness should grow on average 0.8% a month.
*Translated by Mark Ament
