Brazil: Mato Grosso can surpass Goiás and Mato Grosso do Sul together in Gross Production Value

Published Mar 22, 2023

Tridge summary

Brazil's Ministry of Agriculture and Livestock has predicted an 8.9% increase in the Gross Value of Agricultural Production (VBP) for 2023, reaching BRL 1.249 trillion, which is the highest in the last 34 years. Despite a decrease in cattle prices and annual revenue, the financial result is projected to be R$ 362 billion. Mato Grosso is expected to surpass the combined values of neighboring states Goiás and Mato Grosso do Sul in VBP. The resumption of exports to China and Mexico is anticipated to further increase the economy by improving arroba values.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Data from the Ministry of Agriculture and Livestock referring to the Gross Value of Agricultural Production (VBP) are positive for the year 2023 throughout Brazil. With an increase in production, totaling 8.9%, the field should inject BRL 1.249 trillion into the Brazilian economy this year, the highest VBP in the last 34 years. Despite the drop in the price of cattle per arroba and in annual revenue, which reaches 3.4% compared to 2022, a financial result for the gate is expected to be within R$ 362 Bi. Comparing with other states, such as Goiás, which expects a VBP in beef cattle of 15 billion and Mato Grosso do Sul, which seeks a value of 16.5 billion, Mato Grosso is close to surpassing the combined values of the two neighboring states. In Mato Grosso, the VBP in 2022 reached 202.01 billion reais. For 2023, the expectation is 215.96 billion. In Mato Grosso livestock, in 2022 the VBP was 25.97 billion, with a probability of reaching 29.16 billion in 2023. The technical consultant ...

Source: NoticiasAgricolas