The soybean and biodiesel chain is projected to experience a 19.88% growth in GDP by 2023, according to a study by Cepea and Abiove. This growth is expected to be seen in all segments of the GDP, with input and agroservices sectors experiencing significant growth. However, despite the positive GDP result, researchers note that income increase in the chain might only be 0.42% due to unfavorable pricing. Additionally, the chain saw an increase in employment, with a 12.64% growth in the employed population compared to the previous year. The chain also experienced growth in exports, driven by higher prices and increased quantities of biodiesel.
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
The total GDP of the soybean and biodiesel chain is expected to grow by 19.88% in 2023. The estimate is from the Center for Advanced Studies in Applied Economics (Cepea), from Esalq/USP, in partnership with the Brazilian Association of Vegetable Oil Industries (Abiove). Researchers claim that this performance reflects the estimated growth in all segments of the GDP. The segments of the GDP recorded growth of 6.2% for inputs, 38.47% for soybeans inside the gate, 3.88% for agribusiness and 15.66% for agroservices. In this way, the production chain can reach an aggregate GDP value of BRL 691 billion in 2023. This value represents 28.5% of the Brazilian agribusiness GDP. In addition, this amount corresponds to 6.3% of the country's total GDP. Despite this excellent GDP result (measured from a volume perspective), due to the unfavorable behavior of prices, Cepea/Abiove researchers point out that the GDP-income increase could be only 0.42% in 2023 – in other words, the income earned by ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.