INSUBCONTINENT EXCLUSIVE:
the total GPV to R$1.239 trillion ($237 billion), down from R$1.280 trillion in 2023
The agricultural segment expects the most significant drop, with a 4% reduction in GPV.This decrease translates to a fall from R$869.7
billion to R$834.6 billion
The livestock sector also anticipates a downturn, albeit smaller, with a 1.4% decrease to R$ 404.4 billion.Soybean production, the largest
contributor to agricultural GPV at 37.4%, faces a 17% decline compared to 2023.Brazilian Agricultural Production Value Set to Decline in
Corn production follows a similar trend, with expected decreases in both output (-12.3%) and price (-8.4%).However, not all crops face
Sugarcane production offers a bright spot, with a projected 5% increase in GPV.This growth results from higher prices (4.5%) and a slight
production increase (0.5%)
Sugarcane ranks third in agricultural GPV contribution
The livestock sector encounters its own challenges.Beef cattle and dairy farming anticipate declines of 4.8% and 2% respectively
These reductions stem from price drops, with beef prices falling 8.8% and milk prices decreasing by 2%.This forecast highlights the complex
Production Value Set to Decline in 2024
