Brazil’s agricultural GDP down 0.8% in the first quarter of the year

The Brazilian newspaper “Valores Económicos” (June 21) calculates that in the first quarter of this year, Brazil’s agricultural GDP fell by 0.8% year-on-year, with the agricultural sector down 0.75% and the livestock sector down 0.96%, mainly due to higher prices for fertilizers, pesticides and machinery. price increases. According to the Cepea study, “taking into account the performance of agribusiness and the performance of Brazilian GDP during this period, the sector’s share of the economy is expected to be around 26.24% in 2022, slightly lower than the 27.6% in 2021.”

Source: Economic and Commercial Section of the Embassy of the Republic of Brazil

Post time: Jul-05-2022