Brazil’s agriculture GDP is expected to rise 2.8% this year, according to the Confederation of Agriculture and Livestock (CNA). Renato Conchon, the coordinator of the Economic Nucleus of the entity, points out this is due to the higher production of corn and wheat in the second half of the year. “For the agriculture GDP, we were expecting a rise slightly above 3.3%. We should revise it down to 2.8% “, said Conchon. For the third quarter, the harvest of a large second corn crop is expected to contribute to the growth of agricultural GDP in the period. In the fourth quarter of the year, remunerative prices of wheat are expected to lead to greater production in Brazil, “if the weather helps”, said Conchon.
Source: Revista Globo Rural (*Translated by Ia Niani)