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On December 14th Brazil's Ministry of Agriculture announced that the government expects the country's total agricultural and animal husbandry production to exceed the 1 trillion reais mark for the first time in 2021, reaching a record high of 1.025 trillion reais, taking into account next year's crop harvest and meat export situation.
, in agriculture, GDP is expected to be 707.7 billion reais next year, up 18.2% year-on-year from 2020, while soybean and corn production is expected to be 328.6 billion reais and 112.8 billion reais, respectively.
livestock sector, gross domestic product is expected to be 317.5 billion reais, up 10.7 percent year-on-year, and next year the value of Pakistani beef, pork, chicken and other products will hit a record high, given China's high demand for Pakistani meat.
addition, the announcement noted that the Ministry of Agriculture forecasts that Brazil's total agricultural and animal husbandry production will be 885.8 billion reais this year, up 15.1% YoY, and agricultural and livestock production will increase by 19.2% yoY and 7.3% YoY, respectively.
, head of policy and information analysis at the Ministry of Agriculture, said the international market was more attractive to the development of agriculture and animal husbandry in Pakistan because of the strong currency exchange rate and the increased demand for agricultural and livestock imports from countries around the world.
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