IBGE estimates that the 2023 cereal, legume and oilseed crop could increase by 12.6%. Soybean production is the main highlight.
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This was the sixth consecutive decrease in the indicator of the Brazilian Institute of Geography and Statistics (IBGE).
An index from the Brazilian Central Bank shows activity picking up in January 2021 from December 2020 and slowing down year-on-year in January.
Industry climbed month on month. Year to date through November, it was down 5.5%.
The Brazilian Institute of Geography and Statistics (IBGE) reported that cereal, legume and oilseed output will amount to 250.5 million tons in 2020, up 9 million tons from 2019.
A preview of an indicator from Fundação Getúlio Vargas shows activity climbing 0.6% over April.
A survey from the Brazilian Institute of Geography and Statistics (IBGE) shows that the growth was driven by computing and communication services.
IBGE forecasts a harvest of 246.7 million tonnes in 2020, up 2.2% from a year ago.
The forecast regarding the National Extended Consumer Price Index slid from 3.60% to 3.58% as per the Central Bank’s poll with financial institutions.
The Extended National Consumer Price Index (IPCA) changed by 4.31%, above the Central Bank’s goal of 4.25%, but within its tolerance margin.
Decline occurred in November from October 2019 and broke a series of three months of growth, IBGE reported.
The country produced 241.5 million tonnes of cereal last year, up 6.6% from 2018. In 2020, the crop is expected to reach a new historic level.
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
The third quarter saw 964.89 million dozens of chicken eggs produced.
