Minas Gerais, Brazil, Shooting for a US$ 43 Bi Agribusiness GDP

    A farm in Minas Gerais, Brazil

    A farm in Minas Gerais, Brazil Minas Gerais, a state in the Brazilian Southeast, wants to end the year with a Gross Domestic Product (GDP) of 71 billion Brazilian reais (US$ 42.8 billion) for agribusiness. In the month of January, the sector growth was 1.18% over the same month in 2007, above the national average of 0.87%.

    The figures are part of the report by the Center of Advanced Studies in Applied Economics (Cepea), ordered by Minas Gerais's  Secretariat of Agriculture, Livestock and Supply (Seapa) and by the Federation of Agriculture and Livestock of Minas Gerais (Faemg).

    The livestock GDP of Minas Gerais stood out in the sector and grew 1.82% in January this year when compared to the same month in 2007. According to the Cepea, the prices of livestock products, both for the producer and for industry, are much higher than those observed in early 2007.

    According to the superintendent of Agricultural Economic Policy at the Secretariat of Agriculture, João Ricardo Albanez, all the livestock sectors posted growth in the first month of the year. One of those that contributed most to the GDP was the sale of raw milk and live cattle.

    The study shows that growth of the agricultural GDP of Minas Gerais in the first month of the year was 0.53%. The rising prices of inputs favored the performance.

    "Corn and soy crops should present modest growth in this harvest, but there has been a significant increase in prices paid to farmers," explained Albanez.

    With the expansion of the agribusiness productive chain, its participation in the GDP of Minas has risen from 48% in 2007 to 48.5% in the first quarter of this year, whereas the agricultural productive chain answers to 51.5%.

    Anba

    Tags:

    • Show Comments (2)

    • ..

      [quote]The most Portuguese of the Brazilian states, the most poetic of the states, the most soulful of the states. Viva Minas Gerais!!![/quote]

      MG is a very good state minus Aécio Neves 😉

    • Amalia

      Minas
      The most Portuguese of the Brazilian states, the most poetic of the states, the most soulful of the states. Viva Minas Gerais!!!

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil Amazon’s Expedition Tries to Prevent Extinction of the Manatee

    A expedition that has been studying the situation of the Amazon manatee (Expedição Peixe-Boi ...

    Speak Up, Brazil!

    Brazilians will never tolerate a return to dictatorship, unless the U.S.—as it has done ...

    6 Million Vacant Houses Might Help Brazil Reduce Housing Deficit

    Data from the Brazilian Institute of Geography and Statistics (IBGE) indicate that 34.2% of ...

    How I Taught English in Brazil And Survived to Tell the Story: Lesson 2

    More often than not, the sharp-eyed professor is forced to improvise a tailor-made solution ...

    Brazilian Auto Industry Breaks Records. 73% Are Flex-Fuel Cars.

    Brazilian vehicle assembly plants produced 198,448 units in January, 20.5% more than in January, ...

    Brazilian president Dilma Rousseff

    Lula Elects His Protégée. Rousseff Is Brazil’s First Woman President

    Brazilians for the first time, today, have elected a woman to be their president. ...

    In Another Sound Dimension

    Refavela By Brazzil Magazine Since the mid-seventies Uakti (wak-chi),[1] a group of orchestral players ...

    Wal-Mart Gets into Brazil’s South with a US$ 750 Million Buyout

    Mike Duke, Vice- Chairman of Wal-Mart Stores announced the purchase of Sonae’s retail operations ...

    Brazil’s CVRD to Explore Argentina’s Potash

    Brazil’s Companhia Vale do Rio Doce (CVRD) is the winner of an international competition ...

    UN Security Council meeting

    Brazil to Vote Against Iran Sanctions. Vote that Matters Though Will Come from Big 5

    Iran’s president, Mahmoud Ahmadinejad, indirectly rebutted pressure by the international community on his country ...