Thursday , October 28 2021

The government expects to raise $ 603 billion in agricultural production this year



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Today, the Ministry of Agriculture has raised from $ 596 billion to $ 603 billion the estimated gross value of agricultural production in Brazil in 2019, the value said.

The new perspective comes from improved corn markets.

Compared to last year, the gross value of total production, which this year is expected to reach nearly $ 400 billion, will fall by 0.4%. This result was influenced by the deterioration of soybeans – the leading Brazilian agribusiness, which is expected to fall 13.4% of the historic 2018 record.

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