São Paulo – A Gross Agricultural Production Value of BRL 703.8 billion (USD 137.7 billion) is expected in Brazil this year, up 8.5% from BRL 648.4 billion (USD 133.9 billion) at today’s exchange rate) in 2019. The Ministry of Agriculture, Livestock and Supply said this will be the highest amount since records started being taken in 1989.
Crop value should be up 11% to BRL 469.8 billion (USD 91.9 billion). Livestock is seen grossing BRL 234 billion (USD 45.8 billion), up 3.9%. The strong US dollar relative to the real should lead to improved results. The international market factor is primarily reflected here, since beef and pork prices have gone up. Although prices have also climbed for products such as oranges, rice, beans, tomatoes and wheat, these sell mostly domestically, according to the Ministry.
“The record-breaking grain crop, estimated at 250.5 million tons, product prices and good results in crops such as coffee and sugarcane were key drivers of agricultural production value,” said José Garcia Gasques, general coordinator for Policy Assessment and Information at the Secretariat for Agricultural Policy of the Ministry of Agriculture, Livestock and Supply.
Translated by Gabriel Pomerancblum
