Gross Value of Agricultural Production in 2023 is estimated at R$ 1,179 trillion

Estimates of the Gross Value of Agricultural Production (VBP), obtained based on harvest information, indicate a value of R$1,179 trillion for 2023, 3,8% higher than the value for 2022, which was R$1,135 trillion. 

The value is influenced by agricultural prices, which have been reduced for several products, including corn, soybeans and wheat, which are highly relevant in calculating the VBP. The prices received by soybean and corn producers are, respectively, 8,93% and 14,37% below the prices in April.

The crops have an expected revenue of R$835,5 billion, 6,3% above that obtained last year. Products such as peanuts, rice, bananas, cocoa, sugar cane, beans, oranges, cassava, corn, soybeans and tomatoes performed well.  

Livestock farming, with revenues of R$ 343,8 billion, presents a real decline of 1,8% compared to 2022. Positive contribution is made by pork, milk and eggs, and negative contribution comes from beef (- 7,3. 6,0%) and chicken meat (-XNUMX%).

Few agricultural products this year are seeing a reduction in VBP, such as feather cotton, with a drop of -7,3%, potatoes (-8,1%), coffee (-4,5%) and wheat (-12,8% ). This result is mainly due to the drop in prices, as in the case of cotton, coffee and wheat.

Record

The estimated VBP for this year is a record value in a series analyzed that began in 1989. In the composition of this indicator, several products have the highest value obtained this year.

The five most relevant products in the series are: soybeans, corn, sugar cane, coffee and cotton, which account for 58,25% of the total VBP. 

In the ranking of states, the top five are: Mato Grosso, Paraná, São Paulo, Minas Gerais and Goiás, generating 60,4% of the country's VBP this year.