Brasília – The Brazilian Ministry of Agriculture, Livestock and Supply released this Tuesday (13th) the revised estimate of agribusiness Gross Production Value (GPV). The GPV estimate for the main crops and livestock in Brazil in 2014, based on April figures, is R$ 450.5 billion (US$ 203 billion), an amount 2.4% higher than in 2013 and 0.96% higher than the projection from March this year. The income from the crops accounts for 66%, and livestock, 34%.
The crops’ GPV should increase 3.8% in relation to 2013. The products driving the increase were castor oil plant (estimate income 308% higher than last year), cotton (69.7%), black pepper (28.5%), orange (27.9%), potatoes (23.8%), cocoa (15.1%), coffee beans (11.9%) and banana (11.9%). Conversely, income from onion is expected to decline by 44.1% and income from soybeans should be down 20%.
As regards livestock, the GPV should have a slight decrease of 0.3%. The income estimate for bovines and swine grew in comparison to 2013, respectively 17.2% and 9.7%. However, there was a decrease in the projection for eggs (25.5%), chicken (16.8%) and milk (4.8%).
The agribusiness GPV is an estimate of the income generated by agriculture, with forecasts revised monthly by the Ministry of Agriculture, based on crop surveys released by the National Supply Company (Conab) and by the Brazilian Institute of Geography and Statistics (IBGE).
*Translated by Rodrigo Mendonça
