Brasília – The Brazilian Ministry of Agriculture has released a new Gross Production Value (GPV) for the year of 2013 this Thursday (12th). According to a study conducted by the ministry with data collected in August, the GPV will be R$ 411.9 billion (US$ 179.9 billion), of which R$ 276 billion (US$ 120.5 billion) concern agriculture and R$ 135.9 billion (US$ 59.3 billion) concern livestock.
This is the first time since the index was first issued that the Ministry of Agriculture includes livestock in its estimates. In the past, the organization disclosed only crop value projections. The Brazilian Agriculture and Livestock Confederation (CNA), which represents farmers, was the only organization to disclose GPV estimates covering both crops and livestock. The GPV measures a combination of price and quantity.
According to the study from the Ministry of Agriculture, the best performing products in crops are soya bean (R$ 81.9 billion), sugarcane (R$ 48.1 billion), maize (R$ 36.6 billion), orange (R$ 20.7 billion) and tomato (R$ 11.2 billion). As for livestock, bovine production may amount to R$ 47.3 billion (US$ 20.6 billion) and poultry production may fetch R$ 46.32 billion (US$ 20.2 billion). The two should account for a combined 69% of total production value during the year. Pork production is expected to fetch a more modest R$ 11.9 billion (US$ 5.1 billion).
*Translated by Gabriel Pomerancblum
