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16/02/2018 - 19:08hs

Agricultural production value could drop

Brazil’s Ministry of Agriculture expects output to amount to BRL 516.6 billion this year, down 4.9% from 2017.

São Paulo – The Brazilian Ministry of Agriculture said this Friday (16) that its first 2018 gross agricultural production value estimate is BRL 516.6 billion (USD 160.2 billion), down 4.9% from 2017. It also said farming output is expected to be down 6.2%, with animal husbandry sliding 2.3%. Last year’s production value was the highest ever. The newly issued forecast is amenable to revision.

Crops whose value should increase the most are potato, cocoa, coffee, tomato and wheat. Peanut, rice, banana, sugarcane, bean, orange, maize and grape crops are seen decreasing in value. When it comes to livestock, beef production value should be up, while that of pork, poultry, milk and egg is poised to drop.

*Translated by Gabriel Pomerancblum

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