Brasília – The Brazilian Ministry of Agriculture has revised down from 2.1% to 2% its growth estimate concerning the Gross Production Value (GPV) in 2014. According to the revised projections released this Thursday (11th), the GPV should close the year at R$ 441.8 billion (US$ 192.7 billion), of which R$ 288 billion (US$ 125.6 billion) concern agriculture and R$ 153.8 billion (US$ 67 billion) concern livestock production.
In its previous survey, released in August, the ministry forecasted a GPV of R$ 442.4 billion (US$ 192.9 billion), up 2.1% from R$ 433 billion (US$ 188.8 billion) in 2013. Despite the reduced growth expectation, the ministry notes that the GPV will still be an all-time high. Records started being kept in 1989. In practical terms, the value represents agriculture and livestock industry revenues.
According to the Ministry of Agriculture, the highlights of the GPV this year will be cotton (up 58.6%), oranges (26.2%), cocoa (25.9%) and black pepper (21%). In livestock production, the highlights will be beef (18.5%) and pork (8.9%). Revenues should decline the most this year for onions (-33.6%), bulk beans (-19.1%), shelled peanuts (-10.8%) and cassava (-10.5%).
*Translated by Gabriel Pomerancblum
