São Paulo – The Gross Production Value (GPV) of the Brazilian crop should be R$ 271 billion (US$ 133) this year, the highest ever since records started being kept, in 1989. Such is the forecast released this Thursday (16th) by the Ministry of Agriculture, according to which the result is up 10.2% from R$ 246 billion (US$ 121 billion) in 2012. According to the ministry, the increase is partly due to the fact that most of the products surveyed have appreciated since last year.
The highest hikes, according to the ministry’s estimates, should be seen in the GPVs of tomato, up 76.2%, potato (up 29.3%), orange (28.8%), wheat (18.9%), soy (18.3%), tobacco (15.6%), beans (14.5%) and maize (11.9%). For these items, in addition to increased prices, production should also increase in relation to 2012. Coffee, sugarcane, orange, maize and soy account for a combined 73% of Brazil’s GPV.
The Ministry of Agriculture ascribes the GPV increase in South and Midwest crops to increased price and output in the maize, soy, tobacco and potato crops. In the Southeast, according to the ministry, the GPV increase will be driven by São Paulo’s sugarcane and orange crops and Minas Gerais’ coffee, cane, soy and maize crops. In Northeast Brazil, the GPV will rise due to banana, cassava and bean crop performances. In the North, the GPV should remain level with last year.
*Translated by Gabriel Pomerancblum
