According to the Center for Advanced Studies in Applied Economics (Cepea/Esalq-USP) , which calculates the indicator along with the Confederation of Agriculture and Livestock of Brazil (CNA), the Gross Domestic Product of Brazilian agribusiness dropped 0.8% in the first quarter of this yr.
According to Cepea information, the autumn was registered each in the agricultural sector (-0.75%) and in livestock (-0.96%). “To a large extent, it was linked to the sharp rise in costs with inputs in agriculture and also in the agro-industry”, says Cepea, in a notice.
Among the agribusiness segments, solely inputs grew in the first quarter (9.61%). Cepea researchers point out that this efficiency was primarily pushed by the appreciation of agricultural inputs, reminiscent of fertilizers, pesticides and equipment – which is mirrored in the stress of prices on agriculture, as talked about.
Within the portfolio, in agriculture, the drop in GDP (-4.22%) in the quarter is because of the intense improve in prices with fertilizers, pesticides, gas, seeds and others. “The drop was not more intense because it is also estimated growth in agricultural revenue in the year, a reflection of the expected expansion of crops, especially corn and coffee, and the rise in real prices of agricultural products, especially coffee, wood, tomato, cassava, sugarcane and cotton,” emphasizes the research middle.
Source: abrafrutas.org
Agribusiness GDP drops 0.8% in first quarter & More Latest News Update
Agribusiness GDP drops 0.8% in first quarter & More Live News
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Agribusiness GDP drops 0.8% in first quarter & More News Today
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