The Gross Value of Production (VBP) is expected to reach R$ 728 billion in 2020, an increase of 11.8% compared to last year, according to an estimate by the Brazilian Confederation of Agriculture and Livestock (CNA).
For agriculture, the expectation is for an increase of 14.1%, reaching R$ 457.1 billion. The main highlights are Arabica coffee (54.5%), followed by corn (32.9%) and soybeans (13%).
Livestock VBP is expected to grow by 8.3%, with revenue of R$ 271.6 billion. According to the CNA, pork (14.8%), eggs (24.2%) and beef (19.5%) expected growth in both prices and quantity produced in 2020, compared to 2019.
On the other hand, the gross revenue of the “inside the gate” sector of chicken and dairy activities is expected to fall by 6% and 8.8%, respectively. Despite the increases, albeit modest, of 2% and 1% expected in the production of both activities, there should be a reduction in prices of 7.9% in the chicken chain and 10.2% in the milk chain.
According to the Confederation's Technical Communication, marketing difficulties in the face of the coronavirus pandemic (Covid-19) should affect the implementation of the VBP in the sector's revenue in the coming months.
Source: Industrial Pig Farming
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