Flavio Maluf’s Report on Agricultural GDP

According to (IBGE)the Institute of Geography and Statistics, during the first quarter of 2018, the economy of Brazil in as a whole increased by 0.4% compared to 2017 fourth quarter. Compared to the initial quarter of 2017 the increase was 1.2%. These numbers are recorded by agriculture, nevertheless, when one evaluates this sector only, what is realized is that the beginning of 2018 is not good like the beginning of 2017. Flavio Maluf who is an executive and the president of the firms Eucatex, the impresario is the one who stresses the subject.

The (GDP) Gross Domestic Product of the livestock and agriculture went down by 2.6% from the month of January to March similarly to the same period in 2017, explained Folha de S.Paulo. Because of the truck drivers’ strike that began on May 21 with a powerful stall for around ten days, Flavio Maluf reported that several agricultural sectors lost their focus between the month of April and June. During that period some plants whose harvest started in April in the Center-South slowed the pace and others stopped producing. Read more about Flavio Maluf at InfoMoney

According to Folha, the harvest of sugarcane of not less than 19% occurs from April to June and in the same period the harvest of maize reaching 33%. The lack of circulating the product that is affected both producers and the tradings as well as the production of feed that has resulted to disruption in protein production. The demonstration of the truckers prevented the corn circulation. Flavio Maluf emphasis that with the lack of the product on the farms, the animal production was also affected. The coffee chain is another thing that faced the problem. Its harvest reached 61% during the second quarter.

The segment industries experienced a delay in receiving raw materials and in this manner the exporters could not manage to put the products in the ports. This will reflect the GDP evolution at the second quarter. Mr. Maluf said that soybeans contributed to the Gross Domestic Product during the first months of this year. Folha de S. Paulo added that Brazil went back to recording a harvest of approximately 119 million tons. Learn more: https://www.crunchbase.com/person/flavio-maluf

 

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