In the first quarter of 2018, the Brazilian Economy, according to the Brazilian Institute of Geography and Statistics (IBGE) grew by 0.4% in comparison with the last quarter in the previous year. When taking a look at the Agricultural sector, in particular, there was a 1.2% increase when comparing the first quarter of 2018 to the first quarter of 2017. Despite the growth by 1.2%, the current year’s first quarter was not really as good as last years. This observation was made by the President of the Companies, Eucatex, the Impresario, Flavio Maluf. Find out more about Flavio at barbacenaonline.com
According to a report by Folha de S. Paulo, there was a decrease of 2.6% in the Gross Domestic Product of agriculture and livestock between the period of January and march in the year 2018 as compared to the same period in the year 2017. Flavio Maluf noted that the Agricultural sector lost its rhythm in numbers due to demonstrations by truck drivers that lasted for about 10 days. These demonstrations were as a result of a decrease in diesel oil in the wake of regulation of road freight. These demonstrations consequently lead to crisis shortages and losses which turn meant agricultural producers could drain their production. According to Flavio Maluf, the demonstrations won support from a large part of the population.
These demonstrations took a toll on the circulation of Sugarcane and maize, which in turn affected producers, tradingsand also halted the production of proteins. With this in mind, Flavio stressed that the production of meat was affected. Another product that was affected was coffee, whose harvest reaches a whopping 61% in the second quarter. Despite these deductions to the Gross Domestic Product, Soybeans, according to Flavio, contributed to the growth of the GDP in the first quarter of the current year. According to a report by Folha De S. Paulo, Soybeans increased the GDP, however it lost pace due to the deduction in maize produced. IN addition to Maize, reduction in rice and leaf tobacco were detrimental to the GDP’s growth. Despite all these reports, the fall in GDP had been foreseen. This was due to the fact that last year’s data was quite high. In a report by Flavio Maluf, the GDP for last year’s first quarter had increased by 18.5% as compared to 2016’s first quarter. Follow: https://twitter.com/flavio_maluf for more updates.