Despite 3% Fall Brazil Still Makes US$ 75 Billion in Agriculture

Banana plantation in Brazil Brazilian agricultural income from the 20 main crops in Brazil is going to total 156 billion reais (US$ 75.1 billion), according to estimates disclosed this Monday, May 11, by the Brazilian Ministry of Agriculture, Livestock and Supply. If confirmed, the figure will be 3.2% lower than last year's.

Despite the reduction, according to the ministry, the result will be the second highest since 1997, second only to the 2008 result. The forecast presented yesterday is higher than the one made in April. The ministry runs the survey on a monthly basis.

According to the Ministry, the income forecast for nine crops should grow in comparison with 2008: grape (218.5%), peanut (21.17%), rice (21.1%), cocoa (19.7%), cassava (14.3%), black pepper (7.2%), sugarcane (5.9%), potato (4.82%) and orange (4.66%).

Reductions are expected in income from corn (-26.4%), cottonseed (-22.8%), wheat (-19.3%), coffee (-14%), onion (-13.5%), tomato (-12.4%), bean (-8.9%), tobacco (-2.6%), banana (-2.1%) and soybean (-1.59%).

According to the ministry, drought, which occurred in November and December 2008 and in March and April 2009, had a negative impact on the output of the southern Brazilian states and of the state of Mato Grosso do Sul, in the Midwest.

The most seriously affected crops were soybean and corn. In the South, which comprises the states of Rio Grande do Sul, Santa Catarina and Paraná, an 11% decrease in grain production is expected in comparison with 2008.

Anba

Tags:

You May Also Like

Brazil’s USP Is Latin America’s Top University in Number of Research Papers

The University of São Paulo in Brazil and the National Autonomous University of Mexico ...

Lower Interest Expectation Warms Up Brazilian Stocks

Latin American markets were mixed to higher, with Brazilian stocks gaining on expectations of ...

Brazilians Living on Stilt Houses First in Line for House Loans

One of the priorities of Brazil’s National Social Interest Housing Fund (FNHIS), which this ...

Africa Wants to Share Money Brazil Will Get from US for Subsidizing Cotton

A ruling by the World Trade Organization (WTO) dispute panel allowing Brazil to retaliate ...

Not So Straight Ticket

It’s election time in Brazil and it is politics as usual, Brazilian-style, gravitating around ...

Brazilian Premium Cachaça Gets Some Heavy Reinforcement in the US

Karate champion, best-selling author, pirate enthusiast, and motivational speaker, former Philadelphia 76ers owner Pat ...

Disarmament Campaign Saves Over 3,000 Lives in Brazil

Over 3 thousand lives were saved in Brazil as a result of the reduction ...

Under the Left, Brazil and LatAm Have Become an Investors’ Paradise

This was supposed to be a difficult year for investors in Latin America, as ...

Tired of Being Emerging Power Brazil Will Go Over the Speed Limit, Vows Lula

Re-elected Brazilian President Luiz Inácio Lula da Silva announced his second term will be ...

Brazil: In Rio’s Poorest Areas 70% of Birth Certificates Have No Father’s Name

An unprecedented campaign to encourage voluntary recognition of paternity is being promoted in all ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`