• Categories
  • Archives

Brazil’s Farming Boom Favors Mostly the Midwest

Cocoa tree Income from farming in the main crops in Brazil should reach 160.6 billion Brazilian reais (US$ 88 billion) this year, an increase of 16.1% over last year. The estimate is by the Strategic Management Advisory of Brazil's Ministry of Agriculture and was disclosed last week week.

The main increases, according to the Ministry, should take place in crops like beans (82.1%), onions (61.4%), wheat (48.2%), peanuts (41.2%), soy (30.6%), corn (30.2%) and coffee (20.4%). Apart from these, other cultures that should also present a good performance should be rice (10.6%), orange (11%), cocoa (9%), potato (4.7%) and banana (4.3%).

The Strategic Planning coordinator at the Ministry, José Garcia Gasques, said, according to a statement disclosed by the organization, that the growth is the result of a combination of product prices and volumes picked.

Other cultures, like sugarcane, grapes, cotton and pepper, should generate lower income, says the Ministry.

The Ministry of Agriculture adds that the value of agricultural income is obtained by multiplying the volume produced by the price paid to farmers. The figures are obtained from monthly studies by the National Food Supply Company (Conab) and by the Brazilian Institute for Geography and Statistics (IBGE).

In geographic terms, the Midwest of the country – where the states of Mato Grosso, Mato Grosso do Sul and Goiás, the main producers of soy are located – should present the greatest gain in income this year, a 44.3% real increase, to 40.5 billion reais (US$ 22.2 billion).

According to the ministry, the South and Southeast of the country should also have "expressive" results, in the Northeast, income should grow 2.1%, whereas in the North, a 5.1% reduction is expected.

Anba

Tags:

  • Show Comments (1)

  • CH.C.

    “Other cultures, like sugarcane, grapes, cotton and pepper, should generate lower income, says the Ministry.”
    Yeahhhhh…except that sugarcane and cotton are one of your main exports !!!!!

    This said….I disagree. Sugar and cotton are cheap. There was No Bubble. Risk is low. At worst, prices will fluctuate at around the actual prices or so.

    India is reducing its Sugar exports because it is too expensive to subsidizes its exports.
    Funny that Brazil has not complained at the WTO against India sugar exports !!!!!

    Typically Brazil and India styles !!!! They complain ONLY against developed nations subsidizes !!!!!!

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

New Fed Chief Gives Brazilian Bulls a Push

Brazilian stocks were up and Latin American stocks were mostly higher as well, as ...

Export, Export, Brazil Tells Small Business Owners

About 1,200 Brazilian small and medium businessmen are attending in the southeastern Brazilian city ...

Brazil’s Petrobras Has Ambitious Plans for Oil Drilling in Angola

Brazilian state-owned oil company Petrobras plans to increase its participation in petroleum exploration in ...

Brazil and Portugal Join Forces to Sell the World Green Fuel

A joint venture between the Brazilian oil company Petrobras and the Portuguese Galp for ...

The Scoop on What You Owe and How to Pay Brazil’s Tax Lion

In order to keep and maintain his CPF (Cadastro de Pessoa FÀ­sica – Physical ...

2006 Brazilian GDP Downgraded to 2.74%

The latest release from the Brazilian Central Bank, based on private sector estimates, downgraded ...

New Chief of Brazil’s Petrobras, Born in Favela, Picked Up Recyclables in Trash as a Kid

Brazil’s state-controlled oil and gas multinational Petrobras, the sixth most profitable company in the ...

Petrobras Gets New Steam Pipeline in the Brazilian Northeast

Petrobras, the state-controlled Brazilian oil company, is ready to build a steam pipeline in ...

In Brazil, Lula Thinks He’s Leading. He’s Being Led.

Brazilian President Luiz Inácio Lula da Silva claims that his administration governs for all, ...