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15/08/2017 - 18:42hs

Agricultural production value up 4.5%

The Brazilian Ministry of Agriculture estimates that agriculture and livestock production will amount to BRL 535.4 billion this year, with grains, cotton, oranges and sugarcane as best-performing crops.

Brasília – The Gross Value of Agriculture and Livestock Production this year in Brazil is estimated at BRL 535.4 billion (USD 167.8 billion), as per a study released this Tuesday (15) by the Secretariat for Agricultural Policy of the Ministry of Agriculture, Livestock and Supply. The calculation is based on data collected in July, and up 4.5% from a year ago.

According to the Ministry, total crop value will amount to BRL 367.9 billion (USD 115.3 billion), up 10.2% from 2016. Livestock production is seen reaching BRL 167.5 billion (USD 52.5 billion), down 6.3% year-on-year. The estimate should be fairly close to the final value, since the year is almost over for most crops.

Best-performing crops will be cotton, with a 75.6% increase, sugarcane (46.4%), oranges (25.2%), maize (19.3%) and soybeans (2.3%). When it comes to livestock, prices went down for beef, poultry and eggs, with revenue expected to decline as a result. Prices paid to producers for pork and milk prices are higher, and therefore results should improve.

*Translated by Gabriel Pomerancblum

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