The Brazilian Ministry of agriculture predicts that the agricultural output value will set a record this year

According to the economic value of Brazil on May 16, the Ministry of agriculture of Brazil released data showing that the agricultural GDP in 2022 is expected to be 1.236 trillion reais, an increase of 2.7% year-on-year, reaching a record level. The total income of agricultural products will reach 881.2 billion reais, a year-on-year increase of 7.3%; Animal husbandry is expected to decline by 7.2% to R $355.7 billion. It is expected that coffee, sugarcane, cotton and corn will all drive the growth of agricultural GDP.


Source: Economic and Commercial Department of the Embassy in the Republic of Brazil

Post time: Jun-01-2022