The Gross Value of Agricultural Production (VBP) in 2020 was estimated at R$ 885.8 billion in November, which represents an increase of 15.1% when compared to 2019. The gross value of crops and livestock rose by 19.2% and 7.3% respectively. Seven different products obtained from the crops boosted this year’s VBP in relation to last year: peanuts (36.3%), rice (35.5%), cocoa (23.7%), coffee (39.8%), corn (20.9%), soy (40.4%) and wheat (48%). The highlights of livestock industry are beef (14.5%), pork (23.3%) and eggs (10.1%). The positive results are due to prices and exports. “The international market is attractive due to the favorable exchange rate and the growth in world demand for agricultural products”, said José Garcia Gasques, general coordinator for Policy and Information Evaluation at the Ministry of Agriculture, Livestock and Supply. The Central-West region leads VBP’s estimates, mostly because of Mato Grosso. Then comes the South region, with emphasis on Paraná, the Southeast (São Paulo), the Northeast and the North regions.
Sources: MAPA/Revista Negócio Rural
*Translated by Ia Niani