Agroindustry grows again and accumulates an expansion of 1,3% in 2022, reports FGVAgro

According to FGV Agro's monthly survey on Agroindustry, in November/2022, agroindustrial production registered an increase of 3,4% compared to the same month in 2021, corresponding to the ninth consecutive month without contraction. The month's expansion was driven exclusively by the Food Products and Beverages segment, which increased by 7,9%. The Non-Food Products segment, in turn, recorded a drop in its production volume of 1,2%. As a result, the year-to-date expansion of agro-industrial production is 1,3% (January to November 2022 compared to the same period of the previous year).

It is worth mentioning that Agroindustry is expected to end the year 2022 with a positive variation compared to 2021 (around 1,4%) despite the first half of the year being very uncomfortable. However, it is noteworthy that this growth will come, notably, from the Food Products and Beverages segment, since the Non-Food Products segment will only close the year in a positive field if, in December/2022, it registers an equal interannual variation or greater than 1,7% - something that has not been observed in the last two months.