Brazil: Bahia's VBP drops almost 7% driven by the five main agro activities
Porang
Brazil
Market & Price Trends
Published Jan 5, 2024
Tridge summary
The state of Bahia saw a decrease of almost 7% in Gross Production Value in 2023, totaling R$46.6 billion, below the performance of both 2022 and 2021. Crops accounted for 82% of Bahia's VBP, with soy leading in revenue, followed by cotton, beef cattle, and coffee farming, while livestock activities contributed the remaining 18%. Despite the overall decrease in VBP, some agricultural activities, such as banana farming and cocoa, saw an increase in revenue in 2023 compared to the previous year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Bahia's agricultural panorama in 2023 was marked by a drop of almost 7% in the Gross Production Value (VBP), which totaled R$46.6 billion, compared to the R$50.1 billion recorded in 2022. This figure It is also below the performance of 2021, when the state reached R$47.2 billion. The projections were released in November by the Ministry of Agriculture and Livestock (Mapa). The numbers should be consolidated by Mapa in January this year. The state of Bahia accounts for 4% of Brazil's VBP, occupying tenth position in the ranking of states that contribute most to the country's total VBP. In 2023, crops had an 82% share in Bahia's VBP, while livestock activities contributed the remaining 18%. Soy led activities with revenue of R$16.3 billion, although it experienced a reduction of around 17% compared to R$18.9 billion in 2022. Cotton remained the second most relevant activity, presenting a performance of R$6.1 billion in 2023, against R$6.2 billion in the previous year. In third ...
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