VALUE OF AGRICULTURAL PRODUCTION HIT A RECORD R$ 470.5 BILLION IN 2020

Value of national agricultural production hit BRL 470.5 billion in 2020, up 30.4% from 2019. The data are from a survey released on Wednesday, 22 by the Brazilian Institute of Geography and Statistics (IBGE). “With the appreciation of the dollar, there was an increase in external demand, immediately impacting the prices of the most important commodities. As a result, the ten main agricultural products in 2020 revealed an expressive growth in the production value when compared to 2019”, said IBGE. Corn production (104 million tons) generated BRL 73.9 billion, up 55.4% from 2019. The sugarcane production (757 million tons) reached BRL 60.8 billion, an increase of 11.3% when compared to the last year. This was the first time since 2008 that the production value of corn surpassed sugarcane. In the overall ranking, corn and sugarcane were respectively in second and third place. The first position was for soybeans, with 121.8 million tons, totaling R$ 169.1 billion. IBGE also said that positive climatic factors contributed to the good development of the grains.

Sources: Agência Estado/Agência Brasil/NovaCana (*Translated by Ia Niani)