Crops have an expected revenue of R$ 835.5 billion and livestock of R$ 343.8 billion.
Estimates of the Gross Value of Agricultural Production (GPV), obtained based on crop information, indicate a value of R$ 1.179 trillion for 2023, 3.8% higher than the value for 2022, which was R$ 1.135 trillion.
The value is influenced by agricultural prices, which have been reduced for several products, inducing corn, soy and wheat, which are highly relevant in the calculation of the VBP. Prices received by soybean and corn producers are, respectively, 8.93% and 14.37% below April prices.
The crops have an estimated revenue of R$ 835.5 billion, 6.3% more than last year. Products such as peanuts, rice, bananas, cocoa, sugar cane, beans, oranges, cassava, corn, soybeans and tomatoes performed well.
Livestock with revenues of R$ 343.8 billion, presents a real retraction of 1.8% compared to 2022. A positive contribution is given by pork, milk and eggs, and a negative contribution comes from beef (-7.3%) and chicken meat (-6.0%).
Few agricultural products this year are seeing a reduction in GPV, such as cotton lint, with a decrease of -7.3%, potatoes (-8.1%), coffee (-4.5%) and wheat (-12.8%). This result is mainly due to the retraction of prices, as in the case of cotton, coffee and wheat.
Record
The estimated VBP for this year is a record value in an analysed series that began in 1989. In the composition of this indicator, several products have the highest value obtained this year.
The five most relevant products in the series are: soybeans, corn, sugarcane, coffee and cotton, which account for 58.25% of the total VBP.
In the ranking of the states, the top five are: Mato Grosso, São Paulo, Minas Gerais and Goiás, generating 60.4% of the country's GPV this year.
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.
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