Brazil 2013/2014 to 2023/2024
Transcription
Brazil 2013/2014 to 2023/2024
Ministry of Agriculture, Livestock and Food Supply Strategic Management Office Minister`s Office PROJECTIONS OF AGRIBUSINESS Brazil 2013/14 to 2023/24 Long-Term Projections Brasília • DF September 2014 © 2014 Ministério da Agricultura, Pecuária e Abastecimento. All rights reserved. Reproduction permitted provided the source is acknowledged. Responsibility for copyright texts and images of this work is the author. 5th edition. year 2014 Circulation: 1.000 copies Preparation, distribution, information: MINISTRY OF AGRICULTURE, FISHERIES AND FOOD SUPPLY Strategic Management Office General Coordination of Strategic Planning Block D, 7th floor, room 752 CEP: 70043-900 Brasília / DF .: Tel (61) 3218 2644 .: Fax (61) 3321 2792 www.agricultura.gov.br email: age@agricultura.gov.br Customer Service: 0800 704 1995 Editorial coordination: AGE / Mapa Impresso no Brasil / Printed in Brazil Catalogação na Fonte Biblioteca Nacional de Agricultura - BINAGRI Brazil. Ministry of Agriculture, Livestock and Food Supply. Projections of agribusiness : Brazil 2013/14 to 2019/20 Longterm Projections / Ministry of Agriculture, Livestock and Food Supply. Strategic Management Advisory Board. – Brasília : MAPA/ACS, 2014. 98 p. ISBN 978-85-7991-087-6 1. Agronegócio- Brasil. 2. Desenvolvimento Econômico. I. Título. II. Título : Brazil 2013/14 to 2019/20 Long-term Projections. AGRIS E71 CDU 339.56 TEAM: AGE/Mapa SGE/Embrapa João Cruz Reis Filho Geraldo da Silva e Souza Renato de Oliveira Brito Eliane Gonçalves Gomes José Garcia Gasques Eliana Teles Bastos Marco Antonio A. Tubino TECHNICAL PARTNERS: Alcido Elenor Wander (Embrapa) Francisco Olavo B. Sousa (Conab) Aroldo Antônio O. Neto (Conab) Glauco Carvalho (Embrapa) Carlos Martins Santiago (Embrapa) Gustavo Firmo (Mapa) Cid Jorge Caldas (Agroenergia/Mapa) Joaquim Bento S. Ferreira (Esalq) Daniel Furlan Amaral (Abiove) Kennya B. Siqueira (Embrapa) Dirceu Talamini (Embrapa) Leonardo Botelho Zilio (Abiove) Djalma F. de Aquino (Conab) Lucilio Rogério Aparecido Alves (Esalq) Eledon Oliveira (Conab) Luis Carlos Job (Mapa) Elieser Barros Correia (Ceplac) Luiz Antônio Pinazza (Abag) Erly Cardoso Teixeira (UFV) Milton Bosco Jr. (Bracelpa) Fabio Trigueirinho (Abiove) Olavo Sousa (Conab) Francisco Braz Saliba (Bracelpa) Tiago Quintela Giuliani (Mapa) Wander Sousa (Conab) SUMMARY 1. INTRODUCTION 2. SCENARIOS OF PROJECTIONS 3. METHODOLOGY 4. RESULTS FOR BRAZIL a.Grains b. Coton Lint c.Rice d.Bean e.Corn f.Wheat g. Soybean Complex h.Coffee i.Milk j.Sugar k. Orange and Orange Juice l.Meat m. Pulp and Paper n.Tobacco o.Fruits 5. RESULTS OF REGIONAL PROJECTIONS 6. SUMMARY 7. BIBLIOGRAPHY ANNEX 1 - Methodological Note ANNEX 2 - Results Tables 6 7 8 10 10 14 17 21 25 31 34 46 48 52 55 58 67 73 75 79 84 91 94 101 LIST OF ACRONYMS ABIOVE - Associação Brasileira da Indústria de Óleos Vegetais ABRAF- Associação Brasileira de Produtores de Florestas Plantadas AGE - Assessoria de Gestão Estratégica BRACELPA- Associação Brasileira de Celulose e Papel CECAT - Centro de Estudos Estratégicos e Capacitação em Agricultura Tropical CNA - Confederação da Agricultura e Pecuária do Brasil CONAB - Companhia Nacional de Abastecimento CEPLAC - Comissão Executiva de Planejamento da Lavoura Cacaueira EMBRAPA Gado de Leite - Empresa Brasileira de Pesquisa Agropecuária FAO - Food and Agriculture Organization of the United Nations FAPRI - Food and Agricultural Policy Research Institute FGV - Fundação Getúlio Vargas IBGE - Instituto Brasileiro de Geografia e Estatística ICONE - Instituto de Estudos do Comércio e Negociações Internacionais IFPRI - International Food Policy Research Institute IPEA - Instituto de Pesquisa Econômica Aplicada MAPA - Ministério da Agricultura, Pecuária e Abastecimento OECD - Organization for Economic Co-Operation and Development ONU - Organização das Nações Unidas SGE- Secretaria de Gestão Estratégica UFV - Universidade Federal de Viçosa UNICA - União da Indústria de Cana-de-açúcar USDA - United States Department of Agriculture 6 1.INTRODUCTION This report is an update and revision of the report Projections of Agribusiness - Brazil 2012/13 to 2022/23, Brasília - DF, June 2013, published by the Strategic Management Office of Ministry of Agriculture, Livestock and Food Supply. The study aims to indicate possible directions of development and provide support to policy makers about the trends of the major agribusiness products. The results also seek to answer to a large number of users in various sectors of national and international economy for which the information now disclosed are of enormous importance. The trends indicated will identify possible trajectories, as well as to structure future vision of agribusiness in the global context for the country keep growing and conquering new markets. Projections of Agribusiness - Brazil 2013/14 to 2023/24 is a prospective view of the sector, the basis for strategic planning of MAPA - Ministry of Agriculture, Livestock and Supply. For their preparation the work of brazilian and international organizations were consulted, some of them based on models projections. Among the surveyed institutions highlight the work of the Food and Agriculture Organization of the United Nations (FAO), Food and Agricultural Policy Research Institute (FAPRI), International Food Policy Research Institute (IFPRI), Organization for Economic Co-Operation and Development ( OECD), United Nations (UN), United States Department of Agriculture (USDA), Policy Research Institute / Ministry of Agriculture, Forestry and Fisheries, Japan (PRIMAFF), Confederation of Agriculture and Livestock of Brazil (CNA), Fundação Getulio Vargas (FGV), Brazilian Institute of Geography and Statistics (IBGE), Institute for International Trade Negotiations (ICONE), Institute of Applied Economic Research (IPEA), National Supply Company (Conab), Embrapa Dairy Cattle, Energy Research Company (EPE), the Sugar Cane Industry Union (UNICA), Brazilian Association of Planted Forest Producers (ABRAF), Federation of Industries of São Paulo (FIESP), STCP Consulting, Engineering and Management, Brazilian Association of Pulp and Paper (BRACELPA), Brazilian Association of Vegetable Oil Industries (ABIOVE) and the Brazilian Agribusiness Association (ABAG). The study was conducted by a group of experts from the Ministry of Agriculture and Embrapa, which cooperated in various stages of preparation. Benefited also from the valuable contribution of people / institutions who analyzed the preliminary results and reported their 7 comments, views and ideas on the results of the projections. Observations related to these collaborations were included in the Report, without nominate partners, but the institutions to which they belong. 2. SCENARIOS OF PROJECTIONS The scenario of rising prices should remain in 2014. Figure 1 shows the quarterly prices received by U.S. farmers for crops and livestock. Despite the relative price fluctuations, the trend since 2005 has been lifting. Note that the prices of livestock products in 2014 have higher growth rates than crops. Fig. 1 - Prices Received by Farmers in the United States livestock 160 Crops 133 140 Index 120 100 80 80 98 60 40 57 0 01/2005 04/2005 07/2005 10/2005 01/2006 04/2006 07/2006 10/2006 01/2007 04/2007 07/2007 10/2007 01/2008 04/2008 07/2008 10/2008 01/2009 04/2009 07/2009 10/2009 01/2010 04/2010 07/2010 10/2010 01/2011 04/2011 07/2011 10/2011 01/2012 04/2012 07/2012 10/2012 01/2013 04/2013 07/2013 10/2013 01/2014 04/2014 20 Source: NASS/USDA, 2014. 8 Domestic prices in Brazil have also shown a tendency to increase in some products as shown in Table 1. For some products, such as soybeans, corn, cattle, rice and cotton prices have shown a trend of growth in 2014. The prices for these products in 2014 are higher than the historical rates and also the prices of 2013. Table 1 – Prices received by Farmers in Brazil Product Unit Historical price 2013 2014 Wheat R$/t 460.3 686.8 606.98 Soybean R$/SC 60kg 37.5 65.4 67.7 Corn R$/SC 60kg 23.9 26.9 30.2 Bovine R$/@ 64.5 105 122.5 Rice R$/SC 50kg 26.8 33.8 35.3 Cotton Cent./libra peso 136.12 202.14 219.9 Source: Cepea/Usp. Position at 17/04/2014 Brazil expects a record grains harvest in 2014, estimated at 193.6 million tons. 3.METHODOLOGY The projections cover the period 2013/14 to 2023/24. In general, the basic period of the projections cover 20 years. Taking into account the last year experience, we decided to use, this year as a basic reference period information after 1994. Between 1994 and today, as we know, entered a phase of economic stabilization and this allowed a reduction of uncertainty in variables. 9 The projections were performed using specific econometric models. They are time series models that have great use in forecasting series. The use of these models in Brazil, for the purpose of this report is unprecedented. We are not aware of published studies in the country who have worked with these models. Three statistical models were used: exponential smoothing, BoxJenkins (Arima) and State-Space Model. There is a methodological note (Annex 1) which presents the main characteristics of the three models. The projections were performed for 26 agribusiness products: corn, soybeans, wheat, orange, orange juice, chicken, beef, pork, sugar cane, sugar, cotton, soybean meal, soybean oil, fresh milk, beans, rice, potatoes, cassava, tobacco, coffee, cocoa, grape, apple, banana, pulp and paper. The report, however, not discussed all products, but their data are shown in the tables that are part of the Annexes of the study. The choice of the most likely model was made as follows: 1 Consistency of results; 2 International comparisons of data production, consumption, export, import and trade in the country and the world.; 3 last trend of our data; 4 Growth Potential; 5. Consultations with experts. The projections were generally for production, consumption, export, import and planted area. Some tests with productivity of some crops were conducted. The tendency was to choose more conservative models and not those indicated bolder growth rates. This procedure was used for selecting the most selected results. The projections presented in this report are national, where the number of products studied is comprehensive; and regional, where the number of analyzed products is restricted and has specific interest. 10 The projections are accompanied by prediction intervals which become wider with time. The greatest breadth of these ranges reflects the greater uncertainty associated with more distant the last year of the series used as the basis of the projection forecasts. 4. RESULTS FORECASTS FOR BRAZIL a. Grains Projections of grains refers to the 15 products surveyed monthly by CONAB as part of their harvest surveys. This set of products is called grains by Conab. As of this update projections already has the data to the eighth survey of harvest (May survey) for the soy complex products, corn and other products, was used for the 2013/2014 harvest data released by Conab( 2014 ): soybean, soybean oil, soybean meal, corn, beans, meat (beef, chicken, pork), and sugar cane. Thus, the data from 2013/2014 are projections Conab. The projections in this report for these products starting in 2014/2015. The estimates of grain production point to a crop of 193.6 million tons in 2013/14, and a planted area of 56.4 million hectares (Conab 2014). These two variables are the largest that have been achieved in Brazil over the years. 11 Table 2 – Planted area and Production of Grains Year Production (thousand tons) Planted Area (thousand hectares) Projection Up limit. Projection Up limit 2013/14 193,566 - 56,861 - 2014/15 199,656 217,428 58,553 61,469 2015/16 205,411 226,469 59,741 65,172 2016/17 211,315 236,349 60,729 68,068 2017/18 217,176 245,257 61,654 70,621 2018/19 223,056 254,002 62,555 72,917 2019/20 228,930 262,458 63,448 75,051 2020/21 234,807 270,744 64,338 77,063 2021/22 240,684 278,874 65,227 78,985 2022/23 246,560 286,879 66,115 80,834 2023/24 252,437 294,778 67,004 82,624 Source: AGE/Mapa and SGE/Embrapa with Conab information. * Models used: Space states. Variation % 2013/14 to 2023/24 Production 30.4% Planted Area 17.8% 12 Fig. 2 – Planted area and Production of Grains Planted Area (thousand hectares) Produc>on (thousand tons) 300,000 250,000 252,437 193,566 200,000 150,000 100,000 67,004 56,861 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 50,000 Source: AGE/Mapa and SGE/Embrapa For 2014/2015 the production expected to be between 199.7 million and 217.4 million tons of grains. This range of variation is a safety for the occurrence of changes over which one has or little control such as climate change droughts and rains. Projections for 2023/2024 are a crop around 252.4 million tonnes, representing an increase of 30.4% over the current crop. At the upper end projection indicates a production of up to 294.8 million tons in 2023/24. The grain area should increase 17.8% between 2013/14 and 2023/24, from 56.9 million in 2013/2014 to 67.0 million in 2023/2024, which corresponds to an annual increase of 1.6 %. 13 Table 3 – Brazil: Planted Area with Five Main Grains 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 Rice Bean Corn Soybean Wheat Total 3,916 3,018 2,967 2,875 2,909 2,765 2,820 2,427 2,400 2,417 3,949 4,224 4,088 3,993 4,148 3,609 3,990 3,262 3,075 3,359 12,208 12,964 14,055 14,766 14,172 12,994 13,806 15,178 15,829 15,726 23,301 22,749 20,687 21,313 21,743 23,468 24,181 25,042 27,736 30,105 2,756 2,362 1,758 1,852 2,396 2,428 2,150 2,166 2,210 2,617 46,131 45,317 43,554 44,799 45,368 45,263 46,947 48,075 51,250 54,225 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Rice 2,318 2,220 2,121 2,022 1,924 1,825 1,726 1,627 1,529 1,430 Bean 3,245 3,131 3,016 2,902 2,788 2,674 2,559 2,445 2,331 2,217 Corn 15,659 15,874 15,993 16,080 16,188 16,303 16,412 16,520 16,630 16,739 Soybean 31,598 32,764 33,785 34,751 35,697 36,633 37,565 38,496 39,427 40,357 Wheat 2,676 2,734 2,793 2,851 2,910 2,968 3,027 3,085 3,144 3,203 Total 55,495 56,722 57,708 58,606 59,506 60,402 61,289 62,174 63,060 63,945 Source: AGE/Mapa and SGE/Embrapa 14 b. Cotton lint Cotton production is concentrated in the states of Mato Grosso, Goiás and Bahia, which account for in 2013/14 90.7% of the country’s production. Mato Grosso has the lead with 56.2% of the national production been folloed by state of Bahia, with 29.8% of the Brazilian production, and Goiás, with 4.9%. MATO GROSSO COTTON LINT National Production Harvest Year 2013/2014 (Thousand tons) 1,672.3 BAHIA 29.8 56.2 % 4.8 GOIÁS 100.0 Major producing states MT 939.4 56.2 BA 498.3 29.8 GO 79.9 Total 1,517.6 4.8 90.7 Source: Conab - survey june/2014 The projections for cotton lint production indicate 1.67 million tons in 2013/2014 and 2.35 million tons in 2023/24. This expansion corresponds to a growth rate of 3.1% per year over the projection period and an increase of 40.5% in production. Some analysts noted that the projected production is quite high. What has been argued is that with the emergence of new technologies is possible to obtain higher yields. However, what we have checked is that the research has reached a stage where progress in productivity levels is proving slow or stagnant. It was also observed that 15 the projection for 2014/15, 2,143 thousand tons may not occur and that the tendency is to fall short, close to 2013/14 production of 2013/14, 1,672 thousand tons of cotton lint. The consumption of this product in Brazil should grow at an annual rate lower than 1.0% in the next ten years, reaching a total of 939 thousand tons consumed in 2023/24. Exports are also forecast strong growth, 55.4% between 2013/14 a 2023/24 The report from the U.S. Department of Agriculture (USDA, 2014) indicates that Brazilian exports between 2013/14 and 2023/24 will more than double, with the country that should increase its exports in the next 10 years. Also according to this source, in a few years Brazil will overtake Central Asia as the third largest source of cotton for export. Brazil has exported to large number of countries, but the main importers in 2013 were South Korea, Indonesia, China, Argentina and Vietnam. 16 Table 4 –Production, Consumption and Export of Cotton Lint (thousand tons) Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 1,672 2,143 1,900 1,719 2,099 2,271 2,072 2,135 2,411 2,426 2,350 2,517 2,322 2,148 2,558 2,813 2,622 2,689 3,004 3,051 2,981 900 904 908 912 916 920 924 928 932 936 939 1,000 1,044 1,078 1,108 1,134 1,159 1,182 1,203 1,223 1,243 Source: AGE/Mapa and SGE/Embrapa with Conab information. * Models used: Production- Space states. Consumption and exports – PRP Variation % 2013/14 to 2023/24 Production 40.5% Consumption 4.4% Exports 55.4% 575 607 639 671 702 734 766 798 830 862 893 923 1,085 1,218 1,334 1,440 1,540 1,634 1,723 1,809 1,892 17 Fig. 3 – Production, Consumption and Exports of Cotton Lint Produc4on Consump4on 2,500 893 2023/24 2022/23 2021/22 2020/21 2019/20 575 2018/19 0 939 2017/18 500 900 2016/17 1,000 2,350 2015/16 1,500 1,672 2014/15 2,000 2013/14 thousand tons 3,000 Source: AGE/Mapa and SGE/Embrapa c. Rice Although the rice is a common culture in most of the country, most of the production occurs in 5 states - Rio Grande do Sul, with predominantly irrigated rice concentrates 65.8% of production in 2013/14, Santa Catarina , 8.7% of production, Mato Grosso, 5.2%, Maranhão,5.4 % and Tocantins ,4.4% of national production. In the Northeast, especially in the state of Ceará rice is irrigated and concentrated on irrigation projects. A small amount is also produced in the states crossed bythe São Francisco river pass, as Bahia, Sergipe, Alagoas and Pernambuco and these areas also receive irrigation. 18 MARANHÃO 5.4 4.4 MATO GROSSO RICE National Production TOCANTINS 5.2 Harvest Year 2013/2014 (Thousand tons) % 12,250.7 100.0 Major producing states RS 8.059.0 65.8 SC 1.067.2 8.7 MA 658.4 5.4 MT 639.5 5.2 TO 543.7 4.4 Total 10,967.8 8.7 SANTA CATARINA 65.8 RIO GRANDE DO SUL 89.5 Source: Conab - survey june/2014 The projected production for 2023/24 is 13.6 million tons, and consumption of 12.2 million tons. We projected to increase 11.3% in rice production over the next 10 years. This increased production is expected to occur mainly through the growth of irrigated areas. The projected increase in production is apparently low, but it is equivalent to the projection of consumption over the next 10 years. The relative stabilization of the projected consumption of rice is consistent with the data supply Conab in recent years, around 12 million tons in 2013/14 (Conab, 2014). The estimates for the projection of rice planted area show that the area reduction will occur in the coming years. According to the projections it may fall of 2.4 million hectares in 2013/14 to 1.40 million hectares in 2023/24. According Conab technicians consulted, the area reduction is not likely to occur. The same is shared by researchers at 19 Embrapa Rice and Beans. In Rio Grande do Sul, which is now at 1.0 million hectares should remain in that number or even decrease because rice has had to compete with soybean and corn. The new Brazilian Forest Code limits the incorporation of new areas and the opportunity for Highlands Rice for years to come is in the crop rotation, renovation, rehabilitation or renovation of degraded or even livestock grazing in the transition to agriculture (Santiago, Carlo . Embrapa, 2013). The productivity should be the main variable in the behavior of the product in the coming years. The projection indicates a productivity of 5.5 tonnes per hectare, about 300 kg more than the current productivity of 5.2 tonnes per hectare. But rice is concentrated in areas of Rio Grande do Sul where the current yield is 7.5 tons per hectare (Conab, 2014). The consumption of rice in the coming years is expected to grow at 0.2% per year. According to technicians of Embrapa, the projected consumption seems appropriate to the current reality, even if the calculations of apparent per capita consumption have shown declines in recent years. To change this long-term trend, only if Brazil can develop new ways to use and consumption of rice (made from grains of rice products, which depends on R & D and, especially industry, became interested in the subject, which did not can be seen today). 20 Table 5 –Production, Consumption and Rice Imports (thousand tons) Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Projection 12,251 12,703 12,807 12,910 13,014 13,118 13,222 13,326 13,429 13,533 13,637 Up limit. 15,285 16,459 17,383 18,179 18,892 19,547 20,158 20,734 21,280 21,803 Consumption Projection 12,000 12,023 12,047 12,070 12,094 12,117 12,141 12,164 12,188 12,211 12,235 Up limit. 12,557 12,801 12,994 13,161 13,310 13,447 13,575 13,696 13,811 13,921 Source: AGE/Mapa and SGE/Embrapa with CONAB information * Models used: Production, Consumption and Imports, PRP Variation % 2013/14 to 2023/24 Production 8.2% 11.3% Consumption 2.0% Imports -32.9% Imports Projection 1,000 967 934 901 868 836 803 770 737 704 671 Up limit. 1,769 2,069 2,291 2,473 2,629 2,768 2,892 3,006 3,111 3,208 21 Fig. 4 - Production, Consumption and Rice Imports Produc4on Consump4on Imports 16,000 13,637 12,251 12,000 10,000 12,235 12,000 8,000 6,000 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 671 2016/17 0 1,000 2015/16 2,000 2014/15 4,000 2013/14 thousand tons 14,000 Source: AGE/Mapa and SGE/Embrapa d. Bean The geographical distribution of the main producers of beans in the country can be seen on the map. The product is fairly distributed across several states, although the main are Paraná, Minas Gerais and Mato Grosso, which currently produce 74.9% of national production. Such as rice, beans are part of the basic diet of Brazilians. It is the product that more has the production , a trend that should continue in the next years production. Imports are always to fill a small gap between production and consumption (Santiago, C. Embrapa, 2013, and Conab, 2014). 22 CEARÁ 5.2 MATO GROSSO BEAN National Production Harvest Year 2013/2014 (Thousand tons) 3,713.9 BAHIA 8.1 15.2 % 6.9 GOIÁS 16.0 MINAS GERAIS 100.0 Major producing states PR 871.2 23.5 MG 596.0 16.0 MT 563.5 15.2 BA 301.3 8.1 GO 255.4 6.9 CE 194.8 5.2 Total 2,782.2 Source: Conab - survey june/2014 74.9 23.5 PARANÁ 23 According to technicians of Embrapa Rice and Beans, each year increases the discussions on production focused exclusively on the domestic market.There are some varieties of beans that can be used for export. If this new opportunity consolidates the projection of production will have to be adjusted upward. The variation designed for consumption is 3.6%, which is higher than the production variation. Annual average consumption has been 3.5 million tonnes, requiring small amounts of imports. If confirmed projections of production, should be no need to import beans in the coming years. Over the past five years, Brazil has imported annually between 180 000 and 300 000 tonnes of beans (Conab, 2014). The opinions of Conab and Embrapa technicians is that there may be major changes in the beans in the coming years. Productivity is expected to increase from current levels as producers of soybeans and corn are producing beans destined for export to China, India and some African countries. The Northeast, although a large producer of this product has imported beans from other states in periods of drought. Mato Grosso has produced beans for export. Some states such as São Paulo and Minas Gerais has been having problems with regards to pests and diseases that attack crops of this product and so far have struggled to adequately control these attacks. 24 Table 6 – Production, Consumption and Bean Imports (thousand tons) Year Production Consumption Imports Projection Up limit. Projection Up limit. Projection Up limit. 2013/14 3,714 - 3,450 - 300 - 2014/15 3,179 3,835 3,463 3,897 307 436 2015/16 2,928 3,644 3,475 4,090 314 497 2016/17 3,268 3,990 3,488 4,240 322 545 2017/18 3,227 4,066 3,500 4,369 329 587 2018/19 3,036 3,949 3,513 4,484 336 625 2019/20 3,164 4,096 3,525 4,589 343 659 2020/21 3,205 4,193 3,538 4,687 350 692 2021/22 3,099 4,149 3,550 4,779 358 723 2022/23 3,129 4,209 3,563 4,866 365 752 2023/24 3,173 4,292 3,575 4,949 372 780 Source: AGE/Mapa and SGE/Embrapa with CONAB information *Models used: To Production, ARMA Models , to Consumption and Imports, PRP Variation % 2013/14 to 2023/24 Production -14.6% Consumption 3.6% Imports 24.0% 25 Fig. 5 – Production, Consumption and Bean Imports Produc4on 4,000 Consump4on Imports 3,714 3,575 3,000 3,450 3,173 2,500 2,000 1,500 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 0 372 300 2015/16 500 2014/15 1,000 2013/14 thousand tons 3,500 Source: AGE/Mapa and SGE/Embrapa e. Corn The national maize production in the country is relatively sparse. The main producing states, Mato Grosso, Paraná, Minas Gerais, Goiás, Mato Grosso do Sul and Rio Grande do Sul should answer in 2013/14 by 70.0% of national production. But the major producing regions are South, the with 31.5% of the national production and Midwest with 42.0%. In South leadership is of Paraná, and in the Midwest, Mato Grosso. These are currently the main producers of corn in the country. But Minas Gerais, Goias and Rio Grande do Sul Minas also account for an important part of national production as shown on the map 26 BAHIA MATO GROSSO CORN National Production Harvest Year 2013/2014 (Thousand tons) 77,887.1 4.2 21.6 % 9.6 8.9 GOIÁS 100.0 Major producing states MT 16,839.3 21.6 PR 15,295.4 19.6 MS 7,530.5 9.7 MG 6,956.5 8.9 GO 7,489.2 9.6 RS 5,773.7 7.4 SP 3,699.7 4.8 SC 3,485.0 4.5 BA 3,283.0 4.2 Total 70,352.3 MATO GROSSO DO SUL MINAS GERAIS 9.7 PARANÁ 4.8 19.6 SÃO PAULO 4.5 7.4 SANTA CATARINA RIO GRANDE DO SUL 90.3 Source: Conab - survey june/2014 The forecast for corn production in Brazil for 2013/14 is estimated at 77.9 million tonnes (Conab, 2014). For 2014/15 the projected production is between 80.7 and 93.9 million tons as the upper limit of the projection. But the tendency is the production lie nearest the projection. For 2023/24 production is projected 103.1 million tons. As is well known, in Paraná and Mato Grosso, the biggest producers, soybean areas release space for planting corn. In Mato Grosso it is usual to plant soybeans around 15 September and harvest in January to then start the second maize crop. The limit for this planting is February because the risk of loss due the dry season are great if this period is exceeded. The corn area will increase by 6.4% between 2013/14 and 2023/24, from 15.7 million hectares in 2013/14 to 16.7 million, reaching 22,1 million 27 hectares in 2023/24. There will be no need for new areas to expand this activity as soybean areas release the majority of the areas required by corn. The increase in projected area 6.4% is below the growing rate of the past 10 years, that was 25.5%. But the corn had in recent years high productivity gains resulting in less need for additional areas. The domestic consumption of corn in 2013/14 represents 69.0 % of production should decrease to 62.2 %. Corn exports must pass 21 million tons in 2013/14 to 33.7 million tons in 2023/24. To maintain domestic consumption projected of 64.0 million tons and ensure a reasonable volume level of ending stocks and exports projected, the projected production shoult be of 103.0 million tons, sufficient to meet the demand in 2024. According to technicians working with this culture area should increase more than is being projected and perhaps get closer to its upper limit of growth (See Figure 8) 28 Table 7 – Production Consumption and Corn Export (thousand tons) Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 77,887 80,717 83,462 86,773 88,118 91,516 93,193 96,528 98,138 101,497 103,121 - 53,818 54,876 55,868 56,868 57,899 58,936 59,967 61,000 62,034 63,068 64,102 - 93,896 100,811 107,583 110,940 117,488 120,947 126,846 129,980 135,617 138,603 56,652 58,892 60,927 62,859 64,675 66,396 68,055 69,665 71,234 72,770 21,000 22,806 25,001 25,910 26,790 28,018 29,192 30,298 31,425 32,565 33,698 30,264 35,117 37,144 39,264 41,748 44,016 46,121 48,201 50,247 52,237 Source: AGE/Mapa and SGE/Embrapa with CONAB information * Models used: To production, Consumption and Exports, State – Space Models. Variation % 2013/14 to 2023/24 Production 32.4% Consumption 19.1% Exports 60.5% - 29 Fig. 6 – Corn Production Projec4on Up limit. 160,000 138,603 thousand tons 140,000 120,000 100,000 80,000 60,000 103,121 77,887 40,000 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 20,000 Source: AGE/Mapa and SGE/Embrapa Fig. 7 – Corn Consumption Up limit. 72,770 64,102 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 53,818 2014/15 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2013/14 thousand tons Projec4on 30 Fig. 8 – Planted Area of Corn Up limit. ProjecAons 16,739 15,726 Projection Variation(%) 20013/14 a 2023/24 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 6,4 40,8% 6,4 to a 40,8% 2014/15 2013/14 thousand tons 22,149 31 f. Wheat Wheat production in the country is concentrated in the South, and Rio Grande do Sul and Paraná are the major producers. In 2013/14 harvest, the forecast indicates that Paraná are responsible for 51.9% of the country’s production and Rio Grande do Sul by 40.4%. The participation of other states, is of the order of 7.7%. This participation is distributed between Santa Catarina, São Paulo, Minas Gerais and Mato Grosso do Sul. WHEAT National Production Harvest Year 2013/2014 (Thousand tons) 7,373.1 % 100,0 Major producing states RS 2,978.9 40.4 PR 3,824.6 51.9 Total 6,803.5 92.3 Source: Conab - survey june/2014 51.9 PARANÁ 40.4 RIO GRANDE DO SUL Wheat production in 2013/14 crop is being estimated by Conab in 7.4 million tons; this is the largest crop that Brazil already had. The projected production for 2023/24 is 10.0 million tons, and consumption of 14.3 million tons in the same year. The domestic consumption of wheat in the country is expected to grow 17.4% between 2013/14 and 2023/2024. 32 The domestic supply will require imports of 5.3 million tonnes in 2023/24. In recent years, imports has been set between 5.8 and 7.0 million tons, and the most frequent import volume has been 6 million tonnes with an outflow in nearly 2.4 billion dollars in 2013. Although the increase in wheat production in coming years by more than 30%, Brazil should remain as one of the world’s largest importer. The USDA report estimated Brazilian wheat imports of 8 million tons in 2023/24 (USDA, 2014). Table 8 – Production, Consumption and Imports of Wheat (thousand tons) Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Consumption Imports Projection Up limit. Projection Up limit. Projection Up limit. 7,373 7,635 7,897 8,158 8,420 8,682 8,944 9,205 9,467 9,729 9,991 - 12,192 12,405 12,617 12,830 13,042 13,255 13,468 13,680 13,893 14,105 14,318 - 5,500 5,478 5,456 5,433 5,411 5,389 5,367 5,345 5,322 5,300 5,278 7,201 7,893 8,418 8,858 9,243 9,588 9,904 10,197 10,470 10,728 10,519 11,975 13,154 14,188 15,131 16,008 16,836 17,625 18,381 19,111 13,443 14,086 14,628 15,119 15,577 16,011 16,428 16,830 17,221 17,602 - Source: AGE/Mapa and SGE/Embrapa with CONAB information. * Models used: To Production and Consiumptiion , State – Space model, and to Export, PRP model. Variation % 2013/14 to 2023/24 Production 35.5% Consumption 17.4% Imports -4.0% 33 Fig. 9 - Production, Consumption and Import of Wheat Produc4on Consump4on Imports 16,000 14,318 12,192 12,000 10,000 8,000 7,373 9,991 6,000 4,000 5,500 5,278 Source: AGE/Mapa and SGE/Embrapa 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 2,000 2023/24 thousand tons 14,000 34 g. Soybean Complex Soybean Soybean production expected in the country in 2013/14 is 86.1 million tons Soybean production in Brazil is led by the states of Mato Grosso, with 31.4% of national production; Paraná with 17.1%, Rio Grande do Sul with 14.8%, and Goiás, 10.0%. But, as shown on the map, soybean production is also evolving into new areas in Maranhão, Tocantins, Piauí and Bahia, which in 2013/14 accounted for 10.1% of Brazilian production which corresponds to a production of 8.7 million tons of soybean. This is a region located in the center northeast of the country, which has shown strong potential for grain production, called Matopiba. Despite its deficiencies infrastructure, still attractive price land, the climate, the possibility of deploying large areas and favorable relief, have been several factors that have motivated investments in the region. MATO GROSSO SOYBEAN National Production Harvest Year 2013/2014 (Thousand tons) 86,052.2 3.8 % 10.0 Goiás 100.0 MATO GROSSO DO SUL Major producing states MT 27,001.6 31.4 PR 14,740.8 17.1 RS 12,734.3 14.8 GO 8,636.6 10.0 MS 6,148.0 7.1 BA 3,229.2 3.8 Total 72,490.5 84.2 Source: Conab - survey june/2014 BAHIA 31.4 7.1 PARANÁ 17.1 14.8 RIO GRANDE DO SUL 35 The projection of soybeans for 2023/24 is 117.8 million tonnes. This number represents an increase of 36.9% over the production of 2013/14. But it is a percentage that is lower than the growth recorded in the last 10 years in Brazil, which was 64.5% (Conab, 2014). Consumption projections indicate that there must be a large increase in demand for soybean in the international and domestic market. In this market, besides the demand for animal feed, is expected a strong increase in consumption of soybean for bio diesel production, estimated in 2014 by ABIOVE between 10.4 and 12 million tons. This variation depends on the scenario regarding the participation of soybean oil for biodiesel production (ABIOVE matching 05.19.14). Domestic consumption of soybean is expected to reach 50.4 million tonnes by the end of the projection. Consumption is projected to increase 25.8% by 2023/24. This estimate is close to the growth observed in recent years by Conab of 23.0% within 6 years. There should be an additional consumption of soybean in relation to 2013/14 of around 10.0 million tonnes. As is well known, soybean is an essential component in the manufacture of animal feeds and is gaining importance in human nutrition. The soybean area should increase 10.3 million hectares over the next 10 years, arriving in 2024 to 40.4 million hectares. It is a crop that will more expand area over the next decade. It represents an increase of 34.1% over the area with soybeans in 2013/14. In the new areas of the Center Northeast of Brazil, comprising the region of Matopiba, the soybean area should expand greatly according to Conab technicians. This information goes in the same direction as the results obtained in this work. In the present work, the area of grains in this region should expand by 16.3% over the next 10 years. This equates to reach the region area of 8.4 million hectares, which at its upper limit can reach 10.9 million hectares. In Paraná state, area can grow in the coming years taking areas of other cultures. In Mato Grosso expansion should occur over degraded pastures and new areas, but mostly the first areas. But the trend in Brazil is that the expansion of the area occurs mainly on natural pasture lands. Exports of soybeans designed for 2023/2024 is 65.2 million tonnes, Representing an increase of 19.9 million tonnes for the quantity exported by Brazil in 2013/14. 36 The expected change in 2024 relative to 2013/14 is an increase in volume of soybeans exports in the order of 44.0% . The soybean export projections in this report are very similar to USDA projections, released in February this year. They design 66.5 million of exports for soybeans at the end of the next decade. This estimate is almost the same as that of this report, 65.2 million tons in 2024. 37 Table 9 – Production, Consumption and Soybean Export (thousand tons) Year Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 2013/14 86,052 - 40,080 - 45,297 - 2014/15 89,831 98,215 41,233 45,698 47,292 52,768 2015/16 93,254 103,825 42,358 47,988 49,286 57,032 2016/17 96,377 108,549 43,391 49,739 51,281 60,767 2017/18 99,479 113,376 44,401 51,612 53,276 64,229 2018/19 102,555 117,921 45,414 53,329 55,270 67,517 2019/20 105,606 122,309 46,417 54,969 57,265 70,680 2020/21 108,660 126,624 47,420 56,583 59,260 73,750 2021/22 111,712 130,846 48,423 58,152 61,254 76,745 2022/23 114,761 134,999 49,425 59,688 63,249 79,679 2023/24 117,811 139,097 50,427 61,200 65,244 82,563 Source: AGE/Mapa and SGE/Embrapa with CONAB information. * Models used: To Production and Consiumptiion , State – Space model, and to Export, PRP model. Variation % 2013/14 to 2023/24 Production 36.9% Consumption 25.8% Exports 44.0% 38 Fig. 10 – Soybean Production Projec4on Up limit. 160,000 139,097 thousand tons 140,000 120,000 117,811 100,000 80,000 60,000 86,052 40,000 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 20,000 Source: AGE/Mapa and SGE/Embrapa Fig. 11 – Soybean Consumption Projec4on Up limit. 70,000 61,200 thousand tons 60,000 50,000 40,000 30,000 50,427 40,080 20,000 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 10,000 39 Fig. 12 – Soybean Export Up limit. 82,563 65,244 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 45,297 2014/15 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2013/14 thousand tons Projec4on Source: AGE/Mapa and SGE/Embrapa The expansion of soybean production in the country will give by the combination of area expansion and productivity. As production increases planned over the next 10 years is 36.9%, the expansion of the area is 34.1%. In recent years soybean productivity yield has remained stable at 2.7 tons per hectare, and that number is projected to be 3.0 tonnes per hectare in the next 10 years. Soybean should expand through a combination of frontier expansion in regions where there is still available land, pasture land occupation and substituting orther crops where there is no land available for incorporation. But the trend in Brazil is that the expansion occurs mainly on natural pasture lands. Figure 13 illustrates the projected area expansion in sugar cane and soybean, which are two activities that compete for the area in Brazil. Together these two activities in the coming years should presentan expansion area of 12.6 million hectares, 10.3 million hectares of soybean and 2.3 million hectares of cane sugar. The other crops should have little variation in area in the coming 40 years. However, it is estimated that expansion should occur in areas of great productive potential, as areas of cerrado understood in what is now called Matopiba for understanding land located in the states of Maranhão, Tocantins, Piauí and Bahia. Mato Grosso will lose strenghts in this process of expansion of new areas, mainly due to the price of land in this state that are more than double the price of crop land in the states of Matopiba (FGV-FGVDados). Because these new ventures regions include areas of great extent, the price of land is a decisive factor. Fig. 13 – Area of Soybean and Sugar Cane Soybean Sugar cane** 30,105 Soybean- Variation - 34.1 34,1 % % Source: AGE/Mapa and SGE/Embrapa * Area with soybean and cane will grouth 12.6 million hectare **refers to sugar - cane intended to production of alcohol and sugar. 2023/24 2022/23 11.123 -‐ 13.838 , , 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 Sugar cane - Variation - 26.2 26,2 % % 2015/16 2014/15 8,811 2013/14 thousand hectare 40.357 -‐ 51.915 , , 41 Meal and Soybean Oil Meal and soybean oil showed moderate dynamism of production in the coming years. The soybean meal production should increase by 25.1% and 25.9% oil. These percentages are slightly higher than what has been observed in the last decade for both products. However, consumption of meal will have stronger growth than soybean oil, 35.2% and 23.1%, respectively. Exports of meal should increase 15.6% between 2014 and 2024 and 18.4% oil. Exports are presented in the coming years more dynamic domestic consumption in the case of soybean oil. 42 Table 10 – Production, Consumption and Soybean Meal Export (thousand tons) Year Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 2013/14 28,105 - 14,100 - 13,579 - 2014/15 28,676 31,078 14,529 15,234 14,166 15,926 2015/16 30,079 33,173 15,046 16,085 14,389 17,103 2016/17 30,534 33,935 15,548 16,793 14,715 18,154 2017/18 31,041 34,918 16,019 17,463 14,783 18,821 2018/19 31,910 36,218 16,538 18,181 14,939 19,545 2019/20 32,562 37,158 17,049 18,851 15,128 20,230 2020/21 33,135 38,043 17,543 19,492 15,257 20,801 2021/22 33,856 39,082 18,050 20,143 15,394 21,358 2022/23 34,539 40,031 18,559 20,783 15,557 21,912 2023/24 35,168 40,919 19,061 21,407 15,701 22,422 Source: AGE/Mapa and SGE/Embrapa with CONAB information * Models used: To Production, Consumption and Export, Space – state models. Variation % 2013/14 to 2023/24 Production 25.1% Consumption 35.2% Exports 15.6% 43 Table 11 – Production, Consumption and Soybean Oil Export (thousand tons) Year Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 2013/14 7,118 - 5,500 - 1,374 - 2014/15 7,353 8,125 5,566 5,911 1,530 2,119 2015/16 7,510 8,481 5,642 6,225 1,562 2,422 2016/17 7,706 8,827 5,755 6,564 1,598 2,686 2017/18 7,886 9,164 5,880 6,913 1,622 2,945 2018/19 8,066 9,472 6,016 7,258 1,631 3,164 2019/20 8,247 9,773 6,161 7,597 1,637 3,369 2020/21 8,425 10,064 6,309 7,928 1,637 3,556 2021/22 8,604 10,347 6,461 8,250 1,635 3,727 2022/23 8,783 10,624 6,616 8,563 1,631 3,887 2023/24 8,961 10,896 6,772 8,869 1,626 4,036 Source: AGE/Mapa and SGE/Embrapa with CONAB information * Models Used: To Production, Consumption and Exports, State- Space Models. Variation % 2013/14 to 2023/24 Production 25.9% Consumption 23.1% Exports 18.4% 44 Fig. 14 – Production, Consumption and Export of Soybean Meal Produc4on Consump4on Exports 40,000 28,105 35,168 25,000 2022/23 2021/22 2020/21 2019/20 2018/19 0 15,701 13,579 2017/18 5,000 14,100 2016/17 10,000 19,061 2015/16 15,000 2014/15 20,000 2023/24 30,000 2013/14 thousand tons 35,000 Source: AGE/Mapa and SGE/Embrapa Fig. 15 – Production, Consumption and Exports of Soybean Oil Consump4on Exports 8,961 7,118 6,772 5,500 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 Source: AGE/Mapa and SGE/Embrapa 2023/24 1,626 1,374 2014/15 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2013/14 thousand tons Produc4on 45 The domestic consumption of soybean oil forecast for 2023/24 is estimated at 6.8 million tons. Represents around 75.6% of projected production. Most of the oil is intended for human consumption and another part has been used to produce Biodiesel. According to ABIOVE in 2014, the average use of soybean oil for biodiesel should be between 2.0 and 2.3 million tons. This represents between 28.0 and 32.3% of soybean oil in 2013/14 harvest. For soybean meal, in the next decade, about 54.0% should be directed to domestic consumption, and 44.6% for exports. We analyzed the data sent by ABIOVE (2014), at our request, in the form of comments to these projections, and it generally converge toward the results presented in this report. 46 h. Coffee COFFEE Produção Nacional Harvest Year 2013/2014 (Thousand tons) 2,818.2 % 53.6 100.0 Major producing states MINAS GERAIS ESPIRITO SANTO 26.0 MG 1,511.8 53.6 ES 733.3 26.0 Total 2,245.1 79.7 Source: IBGE - survey - june/2014 Coffee production has been showing unusual behavior in2014. Though a period called the High, the expected production this year is supposed to be lower than last year. This crop has a cycle called “ bienalidade “ where years there has been a high production and low production the next. Due to weather problems that occurred earlier this year affecting the main producing regions, the harvest expected in 2014 should be equal to or less than last year. Estimates for 2014 indicate a harvest of 46.9 million 60-kg bags, while last year was 49.2 million bags (DCAF-CONAB-ABIC-MDI / SECEX-OIC-CEPEA / ESALQ, BM & F, 2014 ) 47 The projections show that the related production in 2023/24 should rise 30.6% compared to 2013/14. This change is equivalent to an annual growth rate of 2.5%. Consumption is estimated to grow 28.9% by 2023/24, the result of an annual growth rate of 2.4%. The consumption in Brazil has grown to an average annual rate of 4.8% according to the International Coffee Organization, OIC, while the world average has been 2.7% per year. The latest estimates of the Ministry of Agriculture indicate an average annual rate of per capita consumption in Brazil of 5.7% per year in the period 2003-2014 (MAPA / DCAF, ABIC, Conab, 2014). Coffee exports are projected for 2023/24 at 40.0 million bags of 60 kg. This projected volume represents an increase of 24.0% compared to the exports of 2013/14, representing an average annual rate of 2.2%. It is expected that the country will continue as the world’s largest producer and leading exporter as well as keep the usual buyers and valued partners in 129 countries in 2013. U.S., Germany, Japan and Italy imported 62.7% of the volume exported by Brazil in 2013. 48 Table 12 – Production, Consumption and Exports of Coffee (million bags) Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Projection Up limit. 47 48 51 53 54 55 56 58 59 60 61 48 62 67 68 72 73 76 77 80 82 Consumption Projection Up limit. 20 21 21 22 22 23 24 24 25 25 26 21 22 23 24 24 25 26 27 27 28 Exports Projection Up limit. 32 33 33 34 35 36 37 37 38 39 40 39 41 42 44 45 47 48 50 51 52 Source: AGE/Mapa e and SGE/Embrapa with Mapa/SPAE/DCAF and CONAB Information * Models Used: To production, consumption and Exports, State- Space Models. Variation % 2013/14 to 2023/24 Production 30.6% Consumption 28.9% Exports 24.0% i.Milk Milk was considered a product that has high growth potential. The production is expected to grow at an annual rate between 2.6% and 3.4%. This corresponds to a production of 44.7 billion liters of raw milk at the end of the period of the projections, 29.8% higher than the production year 2013/14. 49 According to technicians of Embrapa Dairy Cattle, the projected growth rates for production should be slightly above the projected in this report. According to them the milk production in Brazil rose more than 4.0% per year in recent years. Tabela 13 - Production, Consumption and Exports of Milk (million liters) Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Consumption Imports Projection Up limit. Projection Up limit. Projection 34,408 36,322 36,473 38,377 38,523 40,425 40,569 42,470 42,613 44,514 44,657 - 36,298 37,310 38,302 39,290 40,278 41,265 42,253 43,240 44,228 45,215 46,203 - 1,057 1,047 1,037 1,028 1,018 1,008 999 989 979 970 960 37,897 38,885 41,016 41,826 43,927 44,623 46,696 47,315 49,368 49,933 40,069 41,810 43,420 44,948 46,419 47,849 49,246 50,617 51,967 53,297 Exports Up limit. Projection - 2,820 3,209 3,535 3,821 4,079 4,316 4,535 4,740 4,934 5,118 138 142 147 152 157 161 166 171 176 180 185 Up limit. 657 777 879 970 1,052 1,128 1,200 1,267 1,330 1,391 Source: AGE/Mapa e and SGE/Embrapa with IBGE/MDIC/Embrapa Gado de Leite information. * Models used: To Production and Consumption, ARMA model, to Imports and Exports, PRP models. Variation % 2013/14 to 2023/24 Production 29.8% Consumption 27.3% Imports -9.2% Exports 34.7% 50 Fig. 16 – Milk Production Projec4on Up limit. thousand tons 60,000 49,933 50,000 40,000 30,000 44,657 34,408 20,000 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 10,000 Source: AGE/Mapa and SGE/Embrapa Fig. 17 – Production and Consumption of Milk. Produc4on Consump4on 46,203 40,000 30,000 36,298 44,657 34,408 20,000 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 0 2014/15 10,000 2013/14 thousand tons 50,000 51 Fig. 18 – Import and Export of Milk Imports Exports 1,000 1,057 960 800 600 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 185 2016/17 0 138 2015/16 200 2014/15 400 2013/14 thousand tons 1,200 52 Consumption is expected to grow at an annual rate between 2.4 and 3.3%, thus following the production of the country, but putting the consuption at a level slightly above the national production, it will require some import. j. Sugar The estimates obtained by AGE and SGE for Brazilian sugar production indicate an average annual growth rate of 3.3% in the 2013/2014 to 2023/2024 period. This rate should lead to a production of 52.9 million tons in 2024. Such production corresponds to an increase of 39.7% compared to 2013/14. These projections may be affected if the current situation is maintened where the prospects of the sugar and alcohol sector are not favorable. Investments have not been made in new units, several production units have paralyzed its activities over the past 3 seasons and many companies are indebted (Mapa / Agroenergia, 2014). 53 Table14 – Production, Consumption and Sugar Exports (thousand tons) Year Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 2013/14 37,878 - 12,233 - 27,154 - 2014/15 40,330 44,074 12,261 13,640 27,824 32,552 2015/16 41,265 45,774 12,694 14,300 29,207 34,896 2016/17 42,937 48,304 12,963 14,881 30,352 37,128 2017/18 44,264 50,305 13,299 15,442 31,577 39,208 2018/19 45,749 52,415 13,607 15,970 32,775 41,198 2019/20 47,163 54,394 13,927 16,485 33,982 43,122 2020/21 48,608 56,365 14,242 16,983 35,186 44,993 2021/22 50,040 58,288 14,559 17,471 36,391 46,821 2022/23 51,478 60,190 14,875 17,949 37,596 48,614 2023/24 52,913 62,066 15,192 18,419 38,801 50,378 - - - Source: AGE/Mapa and SGE/Embrapa with Mapa /SPAE/DCAA; Mapa /SRI and CONAB. information * Models used: To Production and Exports, Space – State model, and to Consumption, ARMA model. Variation % 2013/14 to 2023/24 Production 39.7% Consumption 24.2% Exports 42.9% The projected rates for exports and domestic consumption for the next 10 years are, respectively, 3.7% and 2.3% per year. For exports, the forecast for 2023/2024 is a volume of 38.8 million tonnes. 54 Fig. 19 – Production, Consumption and Sugar Exports Produc4on Consump4on Exports thousand tons 60,000 50,000 40,000 30,000 20,000 52,913 37,878 38.801 27,154 15,192 12,233 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 10,000 Source: AGE/Mapa and SGE/Embrapa Fig. 20 – Sugar Production Projec4on Up limit. 70,000 62,066 thousand tons 60,000 50,000 52,913 40,000 30,000 37,878 20,000 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 10,000 55 Fig. 21 – Sugar Exports Projec4on Up limit. thousand tons 60,000 50,378 50,000 40,000 38,801 30,000 20,000 27,154 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 10,000 Source: AGE/Mapa and SGE/Embrapa k. Orange and Orange Juice The orange production should increase from 16.3 million tons in 2013/14 crop to 17.5 million tonnes in 2023/24. This variation corresponds to an annual growth rate of 0.7%. The area planted with orange should be reduced in the coming years. It should move from the current 717 thousand hectares hectares to 627 thousand. This indicates an annual reduction in the growth rate of 1.3% per year. Brazil is expected to export 2.6 million tonnes of orange juice at the end of the projection period. But that number may reach, at its upper limit, to 3.2 million tonnes of juice. Trade restrictions in the form of barriers to trade are the main limiting factor for the expansion of the orange juice. 56 Table 15- Production of Orange and Exports of Orange Juice (thousand tons) Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Exports Projection Up limit. Projection Up limit. 16,333 16,452 16,571 16,689 16,808 16,927 17,046 17,165 17,283 17,402 17,521 19,051 20,247 21,191 22,007 22,739 23,413 24,042 24,635 25,200 25,741 2,094 2,179 2,215 2,272 2,320 2,372 2,423 2,474 2,525 2,575 2,626 2,448 2,537 2,631 2,715 2,799 2,880 2,959 3,036 3,112 3,187 Source: AGE/Mapa and SGE/Embrapa with IBGE and SECEX/MDIC information * Models used: To Production, PRP model, and to Exports, Space – States model. Variation % 2013/14 to 2023/24 Production 7.3% Exports 25.4% 57 Fig. 22 – Orange Production and Orange Juice Export Produc4on 16,333 16,000 17,521 12,000 8,000 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 0 2,626 2,094 2014/15 4,000 2013/14 thousand tons 20,000 Exports 58 i. Meat Before presenting the projections of meat, we seek to illustrate the current distribution of cattle in Brazil, with respect to the number of animals slaughtered in 2013. Slaughtered this year were 34.4 million head across the country, and Mato Grosso, Mato Grosso do Sul, São Paulo, Minas Gerais, Goiás, Para and Rondonia, leading the slaughter, with 72.0% of slaughters in the country. PARÁ 7.1 6.7 BOVINES National Production TOCANTINS MATO GROSSO RONDÔNIA Slaughtered Animals 2013/14 (head) % 34,411,857 100.0 17.0 5,837,857 17.0 MS 4,120,813 12.0 SP 3,548,939 10.3 GO 3,466,231 10.1 MG 3,032,618 8.8 PA 2,447,439 7.1 RO 2,289,653 6.7 RS 1,920,455 5.6 PR 1,424,743 4.1 BA 1,309,373 3.8 TO 1,195,180 3.5 30,593,301 88.9 Total Source: IBGE - quarterly survey of slaughtered animals - march/2014 3.8 10.1 GOIÁS MATO GROSSO DO SUL 8.8 MINAS GERAIS 12.0 10.3 Major producing states MT BAHIA 3.5 4.1 SÃO PAULO 5.6 RIO GRANDE DO SUL 59 Projections of meat for Brazil show that this sector should present strong growth in the coming years. Among meat, the projecting higher growth rates of production in the period 2014-2024 are chicken, which is expected to grow annually at 3.1%, and swine, whose projected growth for this period is 2.8% per year. The beef production has a projected growth of 1.9% per year, which also represents a relatively high value because it can supply domestic consumption and exports. The total meat production will increase from 26.0 million tons in 2014 to 33.8 million in 2024, an increase of 30.0%. 60 Table 16– Meat Production (thousand tons) Year BEEF PORK CHICKEN Projection Up limit. Projection Up limit. Projection Up limit. 2014 9,753 - 3,553 - 12,691 - 2015 9,762 10,799 3,666 4,067 13,081 14,122 2016 10,309 11,921 3,778 4,346 13,519 14,620 2017 10,632 12,573 3,891 4,586 13,972 15,571 2018 10,451 12,661 4,004 4,806 14,432 16,090 2019 10,589 13,091 4,116 5,013 14,894 16,931 2020 11,027 13,600 4,229 5,212 15,358 17,445 2021 11,105 13,699 4,342 5,403 15,822 18,225 2022 11,159 13,799 4,454 5,589 16,286 18,734 2023 11,615 14,314 4,567 5,771 16,751 19,474 2024 11,975 14,707 4,680 5,948 17,216 19,979 Source:a AGE/Mapa and SGE/Embrapa with CONAB. information * Models used: To Beef, ARMA model, to Pork, PRP models and to Chicken, State - Space. Variation % 2014 to 2024 Beef 22.8% Pork 31.7% Chicken 35.7% 61 Fig. 23- Beef Production Up limit. 14,707 2023 2022 2021 2020 2019 2018 2017 2016 2024 11,975 9,753 2015 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2014 thousand tons Projec3on Source: AGE/Mapa and SGE/Embrapa Fig. 24 – Pork Production Up limit. 5,948 4,680 Source: AGE/Mapa and SGE/Embrapa 2024 2023 2022 2021 2020 2019 2018 2017 2016 3,553 2015 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2014 thousand tons Projec3on 62 Fig. 25- Chicken Production Projec3on Up limit. 19,979 20,000 15,000 2024 2023 2022 2021 2020 2019 2018 2017 0 12,691 2016 5,000 17,216 2015 10,000 2014 thousand tons 25,000 Source: AGE/Mapa and SGE/Embrapa Projections show the consumption preferences of Brazilian consumers for chicken. The projected annual growth for the consumption of chicken is 2.9% in the period 2014-2024. This is an increase of 33.1% in consumption for the next 10 years. Pork takes second place in consumption growth at an annual rate of 2.6% in the coming years. In the lower level of growth is located if the projection of beef consumption 1.5% per year next ten years. 63 Table 17 – Meat Consumption (thousand tons) Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 BEEF Projection Up limit. 7,744 7,615 8,332 7,866 8,880 8,089 9,198 7,992 9,189 8,082 9,399 8,421 9,752 8,501 9,841 8,502 9,906 8,759 10,230 8,953 10,451 PORK Projection Up limit. 3,032 3,120 4,750 3,209 5,513 3,297 6,119 3,385 6,644 3,474 7,117 3,562 7,553 3,650 7,961 3,738 8,347 3,827 8,715 3,915 9,068 Source: AGE/Mapa and SGE/Embrapa with CONAB Information * Models: To Beef, ARMA Model, Pork and Chicken, PRP Variation % 2014 to 2024 Beef 15.6% Pork 29.1% Chicken 33.1% CHICKEN Projection Up limit. 8,689 8,976 9,615 9,263 10,166 9,551 10,656 9,838 11,115 10,125 11,553 10,412 11,976 10,699 12,389 10,987 12,792 11,274 13,189 11,561 13,580 64 Fig. 26 – Meat Consumption Beef Pork Chicken 14,000 thousand tons 12,000 10,000 8,000 6,000 4,000 11,561 8,689 8,953 7,744 3,915 3,032 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 0 2014 2,000 Source: AGE/Mapa and SGE/Embrapa Regarding exports, the projections indicate high growth rates for the three types of meat analyzed. Estimates project a favorable environment for Brazilian exports. The chicken and pork lead the annual growth rates of exports in the coming years - the annual rate provided for chicken is 3.8% and for pork 3.9%. Exports of beef should be located on an annual average of 3.4%. Meat exports has led to numerous countries. In 2013 the beef was destinated to 143 countries, with the main Hong Kong; chicken was destinated for 144 countries, with Saudi Arabia the main buyer and finally the pork had 72 destination countries, whose main Russia. The expectation is that these markets are increasingly consolidate so that the projections are feasible. 65 Table 18 – Meat Export (thousand tons) Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 BEEF PORK POLTRY Projection Up limit. Projection Up limit. Projection Up limit. 2,068 2,143 2,223 2,305 2,388 2,471 2,555 2,638 2,722 2,805 2,889 2,515 2,861 3,165 3,435 3,682 3,910 4,125 4,330 4,526 4,715 534 559 584 609 634 659 684 709 734 759 784 700 783 853 916 974 1,029 1,082 1,133 1,182 1,230 Source: AGE/Mapa and SGE/Embrapa with CONAB information. *Models used: To Beef and Chicken meat, State – Space models, to Pork, PRP Variation % 2014 to 2024 Beef 39.7% Pork 46.9% Poltry 44.5% 4,002 4,181 4,323 4,527 4,680 4,890 5,046 5,258 5,415 5,627 5,784 4,674 4,887 5,384 5,613 6,054 6,276 6,679 6,893 7,271 7,478 66 Fig. 27 – Beef Export Up limit. 4,715 2,889 2024 2023 2022 2021 2020 2019 2018 2017 2016 2,068 2015 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2014 thousand tons Projec3on Source: AGE/Mapa and SGE/Embrapa Fig. 28 – Export of Pork Up limit. 1,230 784 Source: AGE/Mapa and SGE/Embrapa 2024 2023 2022 2021 2020 2019 2018 2017 2016 534 2015 1,400 1,200 1,000 800 600 400 200 0 2014 thousand tons Projec3on 67 Fig. 29 – Export of Chicken Up limit. 7,478 5,784 2024 2023 2022 2021 2020 2019 2018 2017 2016 4,002 2015 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2014 thousand tons Projec3on Source: AGE/Mapa and SGE/Embrapa m. Pulp and Paper Forest products represent the fourth rank in the value of exports of brazilian agribusiness, below the soybean complex, meat and sugar and alcohol complex. In 2013 the value of exports of forest products was $ 9.64 billion, and pulp and paper accounted for 74.3% of export value (Mapa / Agrostat, 2014). Pulp and paper and wood and articles thereof comprise this segment of agribusiness. 68 Table 19 – Production, Consumption and Export of Pulp (thousand tons) Year Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 2013/14 15,736 - 6,327 - 9,853 - 2014/15 16,173 17,106 6,392 6,862 10,240 11,233 2015/16 16,675 17,952 6,531 7,034 10,621 11,916 2016/17 17,183 18,681 6,654 7,224 11,022 12,527 2017/18 17,651 19,410 6,759 7,356 11,403 13,117 2018/19 18,156 20,116 6,889 7,531 11,794 13,694 2019/20 18,640 20,789 7,001 7,678 12,183 14,248 2020/21 19,128 21,459 7,120 7,829 12,569 14,794 2021/22 19,622 22,113 7,241 7,984 12,959 15,329 2022/23 20,108 22,755 7,356 8,129 13,347 15,855 2023/24 20,599 23,392 7,476 8,279 13,735 16,375 Source: AGE/Mapa and SGE/Embrapa with BRACELPA information. *Models used: Production, Consumption amd Exports, Space – States model. Variation % 2013/14 to 2023/24 Production 30.9% Consumption 18.2% Exports 39.4% 69 Fig. 30 - Pulp Production Projec4on Up limit. 23,392 thousand tons 25,000 20,000 15,000 20,599 15,736 10,000 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 2014/15 0 2013/14 5,000 Source: AGE/Mapa and SGE/Embrapa Fig. 31 - Production, Consumption and Pulp Export Produc4on Consump4on Exports Source: AGE/Mapa and SGE/Embrapa 2022/23 2021/22 2020/21 2019/20 2023/24 7,476 6,327 2018/19 0 9,853 2017/18 5,000 13,735 2016/17 10,000 15,736 2015/16 15,000 20,599 2014/15 20,000 2013/14 thousand tons 25,000 70 Table 20 – Production, Consumption and Paper Export (thousand tons) Year Production Consumption Exports Projection Up limit. Projection Up limit. Projection Up limit. 2013/14 10,759 - 10,125 - 1,937 - 2014/15 10,992 11,237 10,333 10,820 1,995 2,257 2015/16 11,267 11,565 10,598 11,243 2,055 2,470 2016/17 11,516 11,848 10,863 11,595 2,079 2,576 2017/18 11,776 12,136 11,102 11,923 2,122 2,712 2018/19 12,035 12,429 11,377 12,267 2,142 2,782 2019/20 12,289 12,704 11,601 12,562 2,190 2,897 2020/21 12,553 13,000 11,881 12,905 2,213 2,961 2021/22 12,805 13,269 12,102 13,188 2,261 3,068 2022/23 13,070 13,564 12,385 13,529 2,284 3,128 2023/24 13,320 13,830 12,605 13,805 2,332 3,229 Source: AGE/Mapa and SGE/Embrapa with BRACELPA Information * Models used:To Production, Consumption and Export, State – Space Models. Variation % 2013/14 to 2023/24 Production 23.8% Consumption 24.5% Exports 20.4% 71 Fig. 32 – Paper Production Up limit. 13,830 13,320 Source: AGE/Mapa and SGE/Embrapa 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 10,759 2014/15 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2013/14 thousand tons Projec4on 72 Fig. 33 – Production, Consumption and Paper Export Produc4on 14,000 10,000 8,000 Exports 13,320 10,759 12,605 10,125 6,000 2023/24 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 0 2,332 1,937 2015/16 2,000 2014/15 4,000 2013/14 thousand tons 12,000 Consump4on Source: AGE/Mapa and SGE/Embrapa With regard to the paper, to supply domestic consumption growth of 2.2% annually over the next 10 years, and 1.8% of exports, it will be necessary to expand production faster than the projected rate, which is 2.2 % per year until 2023/2024. According to Bracelpa technicians production and paper consumption have historically accompanied the growth of GDP. Although the paper can find some demand problem, the projected growth in this report for the production seems small. For cellulose, the projection indicates that would be possible production can meet the growth in domestic consumption and exports of the sector. 73 n. Tobacco The inclusion of the projections of some variables related to Tobacco is justified by the importance of the product in the Brazilian trade balance and income formation in the producing regions. Its production occurs mainly in Rio Grande do Sul, Santa Catarina and Paraná. In 2014, these three states have planted an area of 392 thousand hectares, a total of 417 thousand hectares of land. In Northeast Brazil, there is some production in Alagoas and Bahia . In 2013, tobacco and its products have generated export revenues of $ 3.27 billion. The projected production for 2023/2024 is 1,060 tons. The projected area is 472 thousand hectares, obtained through an annual growth of 1.2% from 2013/14 until the end of the projections 74 Table 21- Tobacco Production Year 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Production Projection Up limit. 865 890 904 929 943 968 982 1,007 1,021 1,046 1,060 1,079 1,093 1,197 1,211 1,296 1,310 1,385 1,399 1,469 1,483 Source: AGE/Mapa and SGE/Embrapa with IBGE information * Models used: To production, State - Space. . Variation % 2013/14 to 2023/24 Production 22.6% 75 o.Fruits Among the fruits analyzed in this study, banana is the most widespread throughout the country. But 67.8% of production is in the states of São Paulo, Bahia, Minas Gerais, Santa Catarina, Ceará and Pará. Apple has its production located in Rio Grande do Sul and Santa Catarina and grape in Rio Grande do Sul, Pernambuco and Sao Paulo. The fruits have been growing in importance in the country, both domestically and internationally. In 2013, the export value of fresh fruit was U.S. $ 878.0 million, slightly below the value exported in 2012, of $ 910 million (Agrostat / Mapa, 2014). Grapes, mangoes and melons are the fastest growing exports in terms of value. As can be seen in the maps of location, banana is the most widespread in the country, while apples and grapes have their more restricted to South and Northeast regions of production. 76 Harvest Year 2013/2014 (Thousand tons) APPLE National Production % 1,271,014 100.0 Major producing states RS 687,448 54.1 SC 530,601 41.7 1,218,049 95.8 Total 41.7 SANTA CATARINA 54.1 RIO GRANDE DO SUL Source: IBGE - Systematic Survey of Agricultural Production - March / 2014 PERNAMBUCO BAHIA 4.2 GRAPE National Production Harvest Year 2013/2014 (Thousand tons) 1,360.608 % 100.0 11.7 Major producing states RS 759,942 55.9 PE 236,767 17.4 SP 158,781 11.7 PR 79,052 5.8 BA 56,944 4.2 SC 52,083 3.8 Total 1,343,569 98.7 Source: IBGE - Systematic Survey of Agricultural Production - March / 2014 PARANÁ 5.8 SÃO PAULO 3.8 55.9 SANTA CATARINA RIO GRANDE DO SUL 17.4 77 CEARÁ PARÁ 7.0 8.1 PERNAMBUCO 5.4 BAHIA 16.2 BANANA National Production Harvest Year 2013/2014 (Thousand tons) 7,146,788 10.7 % MINAS GERAIS 100.0 16.7 Major producing states SP 1,191,547 16.7 BA 1,160,854 16.2 MG 764,030 10.7 SC 649,609 9.1 PA 576,154 8.1 CE 501,857 7.0 PB 389,337 5.4 PR 269,075 3.8 ES 262,711 3.7 5,765,174 80.7 Total PARANÁ 3.8 9.1 ESPÍRITO SANTO 3.7 SÃO PAULO SANTA CATARINA Source: IBGE - Systematic Survey of Agricultural Production - March / 2014 Due to limited data, the projections were restricted to changing production and planted are of grape, apple and banana area. Unlike the orange area which is relatively significant, these fruits have much more restricted areas, and, as is the case of the grape which are cultivated under irrigation and high technological level. Among the three fruits, bananas are the one with the largest area. The projections of production until 2023/2024, show that the largest expansion will occur in apple production, 2.6% growth per year, followed by grapes, 1.9% per year for the banana, 0.9% per year . A joint production of apples, grapes and bananas should represent 4.0 million tons in 2023/24, representing an increase of 21.7% over 2014. 78 Table 22- Fruit Production (thousand tons) Year BANANAS (thousand bunche) APPLE GRAPE Projection Up limit. Projection Up limit. Projection Up limit. 701 707 714 720 726 733 739 746 752 758 765 764 793 818 839 859 878 895 912 928 944 1,271 1,306 1,344 1,381 1,418 1,456 1,493 1,530 1,568 1,605 1,642 1,488 1,560 1,638 1,707 1,774 1,838 1,900 1,961 2,020 2,078 1,361 1,413 1,424 1,459 1,483 1,513 1,539 1,567 1,595 1,622 1,650 1,605 1,647 1,733 1,788 1,852 1,907 1,963 2,015 2,067 2,117 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Source: AGE/Mapa and SGE/Embrapa with IBGE information. * Models used: Banana, PRP and to Apple and Grapes, State Space model Fig. 34- Fruit Production (thousand tons) APPLE GRAPE 1,650 1,361 1,642 1,271 2023 2022 2021 2020 2019 2018 2017 2016 Fonte: AGE/Mapa e SGE/Embrapa 2024 765 701 2015 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2014 thousand tons BANANAS (thousand bunche) 79 5. RESULTS OF REGIONAL OUTLOOK Regional projections were made with the objective of identifying possible trends of selected products in major producing regions, and also show the predictions of a slightly more disaggregated. They are divided into two parts: regional projections of consolidated areas, and areas of recent expansion, located in central Brazil, and part of the Northeast. They are: Rice in Rio Grande do Sul; Corn in Mato Grosso, Paraná, Minas Gerais; Soybean in Mato Grosso, Rio Grande do Sul and Paraná; Wheat, Paraná and Rio Grande do Sul; and sugar cane in São Paulo, Paraná, Mato Grosso, Minas Gerais and Goiás. Was included, the area and production projections for the states of Maranhão, Tocantins, Piauí and Bahia, called MATOPIBA. The projections of these regions were also made to some municipalities in these localities, selected according to their importance in the production of grains. Regional projections were only for production and planted area because there aren`t more detailed information such as for the national projections. 80 Table 23 – Regional Projections - 2013/2014 to 2023/2024 Selected States Production (Thousand tons) RICE - Thousand Tons 2013/14 RS 2023/24 Planted Area (Thousand ha) Thousand hectares Var. % 2013/14 2023/24 8,434 10.540 25.0 1,114 1,178 Sugar cane - Thousand Tons Thousand hectares Var. % 5.8 2013/14 2023/24 Var. % 2013/14 2023/24 Var. % GO 69,307 96,918 39.8 859 1,195 39.1 MG 76,741 109,035 42.1 953 1,322 38.7 MT 19,153 25.080 30.9 280 383 36.7 49,227 65,742 33.5 658 878 404,680 504,406 Corn - Thousand Tons 24.6 PR SP 5,046 6,395 Thousand hectares 33.4 26.7 2013/14 2023/24 Var. % 2013/14 2023/24 Var. % MG 6,957 9,154 31.6 1,325 1,234 -6.9 MT 16,839 27,316 62.2 3.250 4,848 49.2 28.5 2,575 2,631 Thousand hectares PR 15,295 19,652 Soybean - Thousand Tons 2.2 2013/14 2023/24 Var. % 2013/14 2023/24 Var. % BA 3,229 4,388 35.9 1,313 1,789 36.2 MT 27,002 38,035 40.9 8,616 12,204 41.6 PR 14,741 19,756 34.0 5,019 6,527 30.0 RS 12,734 16,256 27.7 4.940 5,609 , Wheat - Thousand Tons Thousand hectares 13.6 PR RS 2013/14 2023/24 Var. % 2013/14 2023/24 Var. % 3,825 5,137 30.3 1,323 1,497 13.1 26.1 1,103 1,341 Thousand hectares 2,979 3,755 Grapes - Thousand Tons 2013/14 RS 2023/24 760 922 Grains - Thousand Tons MATOPIBA* Var. % 21.3 2013/14 2023/24 50 56 Thousand hectares 21.6 Var. % 11.1 2013/14 2023/24 Var. % 2013/14 2023/24 Var. % 18,623 22,607 21.4 7,259 8.440 16.3 Source: AGE/Mapa and SGE/Embrapa * Located in the Center – Northeast of Brazil and formed by the states of Maranhão, Tocantins, Piauí, Bahia. 81 Regional projections show that Rio Grande do Sul should continue leading the production and expansion of rice in Brazil in the coming years. The production of the state that is in 2013/2014, 65.8% of the national rice production must increase production in the coming years in 25.0% and 5.8% in area. The production of sugar cane must present expansion in all states considered. The greatest expansion of production must occur in Minas Gerais, Goiás and Paraná. In these states sugar cane should expand by reducing area of other crops and also in pastures. Sao Paulo, the leader of national production, should have a production increase of approximately 24.6% over the next decade. To meet this growing area in the state should increase by 26.7% at the end of the period of projections. Projections indicate that only in Minas Gerais production the increase will occur by gains in productivity. In the other the expected growth in production will be done mainly by the increase in area. Mato Grosso should lead in the coming years the growth of corn production. The projected increase for the next decade is 62.2%, while the area is expected to increase 49.2%. The available information indicates that increased corn production should occur primarily through the second corn crop that has achieved amazing results Corn must suffer in the coming years 6.9% decrease in the area in Minas Gerais. It is possible that this should occur due to the expansion of sugar cane in the state and also the soybean. Mato Grosso and Bahia should lead the increase in soybean production in the coming years, increasing by 40.9% and 35.9%, respectively, soybean should increase production, without any reduction of area in any of the analyzed states. The projections show that the wheat production increases should be similar in Paraná and Rio Grande do Sul, about 30.0% over the next 10 years and 26.1% for Paraná and Rio Grande do Sul, respectively. No reduction in wheat area is expected to occur, and the largest increase should occur in Rio Grande do Sul The region formed by the states of Maranhão, Tocantins, Piauí and Bahia, known as MATOPIBA has a different growth dynamics. Hence the interest in presenting the results of the main projections. Its growth has been extraordinary. The latest survey of IBGE (2011) on the municipal GDP shows that these municipalities have pulled the growth of the states where they are located. Its growth has been much higher than the growth of the state 82 and national average. These four states must reach a grain production of 22.6 million tons over the next 10 years in a planted area of 8.4 million hectares in 2023/2024 but which could reach 10.9 million hectares at its upper bound to the end of the next decade. Fig. 35 – Grains Projections - MaToPiBa 30,000 22,607 25,000 20,000 18,623 16,647 Produc0on (thousand tonnes) 15,000 10,000 7,259 5,000 0 8,440 7,245 Planted Area (thousand hectares) 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Source: AGE/Mapa and SGE/Embrapa The areas that have been settled in these states have some essential features for modern agriculture. Are flat and extensive, potentially productive soils, water availability, and climate conducive to long days and high intensity of sunshine. The major limitation, however are precarious logistics, especially inland transport, port, communication, and some areas lack of financial services. 83 Table 24 – Projections of MATOPIBA (*) 2013/2014 to 2023/2024 Production (thousand tons) Grains 2013/14 2023/24 18,623 22,607 Planted Area (thousand hectares) Var. % 2013/14 2023/24 21.4 7,259 8,440 Soybean – Selected Municipalities- Thousand tons Balsas - MA 464 682 Campos Lindos - TO 185 275 Uruçuí - PI 273 372 Barreiras - BA 353 363 1,532 3,767 829 1,200 Formosa do Rio Preto - BA São Desidério - BA 46.9 48.9 36.3 2.9 145.8 44.7 Var. % 16.3 thousand hectares 150 217 58 85 99 147 127 149 309 466 264 275 45.0 48.5 48.1 17.3 50.9 4.1 Source: AGE/Mapa and SGE/Embrapa * Located in the Center – Northeast of Brazil and formed by the states of Maranhão, Tocantins, Piauí, Bahia. Balsas Urucuí Bom Jesus MA PI Formosa do Rio Preto Luiz Eduardo Magalhães TO BA Campos Lindos Barreiras Pedro Afonso Brazilian Savannah Cerrado 84 6. SUMMARY OF MAIN RESULTS The most dynamic products in agribusiness should be cotton lint, chicken, cellulose, sugar, soybean, pork, wheat and sugarcane. These products are those that indicate greater potential for production growth in the coming years. 85 Table 25 – Brazil - Production Results 2013/14 to 2023/24 Products Unit Estimates Projection 2023/24 to 2013/14 Rice thousand tons 12,251 13,637 to Bean thousand tons 3,714 3,173 to Corn thousand tons 77,887 103,121 to 138,603 32.4 to 78.0 Soybean thousand tons 86,052 117,811 to 139,097 36.9 to 61.6 Soybean Meal thousand tons 28,105 35,168 to 40,919 25.1 to 45.6 Soybean Oil thousand tons 7,118 8,961 to 10,896 25.9 to 53.1 Wheat thousand tons 7,373 9,991 to 19,111 35.5 to 159.2 Chicken thousand tons 12,691 17,216 to 19,979 35.7 to 57.4 Beef thousand tons 9,753 11,975 to 14,707 22.8 to 50.8 Pork thousand tons 3,553 4,680 to 5,948 31.7 to 67.4 47 61 to 82 29.8 to 74.5 Million liters 34,408 44,657 to 49,933 29.8 to 45.1 Manioc Thousand tons 22,655 21,770 to 32,431 -3.9 to 43.2 Potatoes Thousand tons 3,711 4,406 to 4,831 18.7 to 30.2 Cotton lint Thousand tons 1,672 2,350 to 2,981 40.5 to 78.3 Sugar Cane Thousand tons 658,823 869,777 to 1,053,984 32.0 to 60.0 Tobacco Thousand tons 865 1,060 to 1,483 22.6 to 71.5 Sugar Thousand tons 37,878 52,913 to 62,066 39.7 to 63.9 Orange Thousand tons 16,333 17,521 to 25,741 7.3 to 57.6 Paper Thousand tons 10,759 13,320 to 13,830 23.8 to 28.5 Pulp Thousand tons 15,736 20,599 to 23,392 30.9 to 48.7 Cocoa Thousand tons 256 216 to 392 -15.7 to 52.9 Grape Thousand tons 1,361 1,650 to 2,117 21.3 to 55.6 Apple Thousand tons 1,271 1,642 to 2,078 29.2 to 63.5 Banana Thousand tons 701 765 to 944 9.1 34.7 Coffee Milk million sc 21,803 Variation % 11.3 to 78.0 4,292 -14.6 to 15.6 to Source: AGE/Mapa and SGE/Embrapa Note: Sugar Cane refers to the sugar cane intended to alcohol and sugar production 86 Grain production should increase from 193.6 million tonnes in 2013/2014 to 252.4 million tons in 2024. This indicates an increase of 58.9 million tons to the current production in Brazil, and relative values 30.4%. This, however, will require an effort of growth that should consist of infrastructure, investment in research and funding. These estimates are compatible with the expansion of grain production in the last ten years where production grew 69.0 % (Conab, 2014). This result indicates that there is growth potential to achieve the designed values. The production of meat (beef, pork and chicken) will increase by 7.9 million tons. Represents an increase of 30.3% in relation to meat production for 2013/2014. The chicken is the one to present the highest growth, 35.7% over 2014 production. Then pork, which is expected to grow 31.7% and then the beef, 22.8%. Table 26 – Brazil Production –Projections of Grains and Meat 2013/14 to 2023/24 Projection Grains Production Planted Area Unit 2013/14 Thousand tons 193,566 199,656 to Thousand hectares 56,861 58,553 2014/15 UP Limit. 2023/24 to variation% 2013/14 to 2023/24 217,428 252,437 30.4 61,469 67,004 17.8 Increase of 58.9 million tons of grains and 10.1 million hectares Meat 2023/24 variation% 2013/14 to 2023/24 14,122 17,216 35.7 to 10,799 11,975 22.8 3,666 to 4,067 4,680 31.7 26,509 to 28,987 33,871 30.3 Projection Unit 2013/14 Chicken Thousand tons 12,691 13,081 to Beef Thousand tons 9,753 9,762 Pork Thousand tons 3,553 Total Thousand tons 25,997 2014/15 Lsup. Increase of 7.9 million tons of meat Source: AGE/Mapa and SGE/Embrapa *Grains: refers to crops raised by Conab in their surveys of crops (cotton, peanuts, rice, oats, canola, rye, barley, beans, sunflower, castor, corn, soybean, sorghum, wheat and triticale). 87 The growth of agricultural production in Brazil should continue happening based on productivity. Strong growth of total factor productivity should be maintained, as recent studies have shown, (Fuglie, K., Wang, Sun, Ball, V., 2012 and Gasques, et.al. 2014). These studies show that total factor productivity has grown over 4.0% per year over the past few years. The global average of the last years was 1.84%. The results show a greater increase in agricultural production that increases in area. Between 2014 and 2024 grain production can grow between 30.4% and 52.3%, while the area should expand by between 17,8 and 45.3%. This projection shows a typical example of growth based on productivity. We do not believe that the grain area expands the upper limit of the projection, because the potential productivity is high, especially in products such as soybeans and corn. Estimates made until 2023/2024 are that the total planted area with crops must pass the 70,2 million hectares in 2014 to 82.0 million in 2024. An increase of 11.8 million hectares. This area expansion is concentrated in soybean, more than 10.3 million hectares, and cane sugar, more than 2.3 million. The expansion of soybean area and sugarcane should occur by the incorporation of new areas, areas of natural pastures and also for replacing other crops that will give area. Corn must have an expansion area around 1.0 million hectares (15.7 to 16.7 million hectares between 2014 and 2024) and other crops analyzed mostly tend to lose area. The domestic market with exports and productivity gains, should be the main factors for growth in the next decade. In 2023/2024, 42.8% of soybean production should be aimed at the domestic market, and corn, 62.2% of production should be consumed internally. Thus there will be a double pressure on increasing domestic production, due to the growth of the domestic market and exports. Currently, 46.6% of the soybean produced is for domestic consumption, and corn, 69.0%. In meat, there will be strong pressure of the internal market. The expected increase in the production of chicken, 67.2% of output in 2023/2024 will be for the domestic market; of beef produced, 74.8% will go to the internal market, and pork, 83.7% will be for the domestic market. Thus, although Brazil is generally a major exporter of many of these products, domestic consumption is prevalent in the destination of production. 88 Table 27- Brazil: Exports Projections 2013/14 to 2023/24 Products Unit 2013/14 Projection 2023/24 Variation % Cotton lint Thousand t 575 893 to 1,892 55.4 to 229.1 Corn Thousand t 21,000 33,698 to 52,237 60.5 to 148.7 Soybean Thousand t 45,297 65,244 to 82,563 44.0 to 82.3 Soybean meal Thousand t 13,579 15,701 to 22,422 15.6 to 65.1 Soybean oil Thousand t 1,374 1,626 to 4,036 18.4 to 193.9 Chicken Thousand t 4,002 5,784 to 7,478 44.5 to 86.9 Beef Thousand t 2,068 2,889 to 4,715 39.7 to 128.1 Pork Thousand t 534 784 to 1,230 46.9 to 130.4 Coffee Million sacs 32 40 to 52 24.0 to 63.7 Sugar Thousand t 27,154 38,801 to 50,378 42.9 to 85.5 Orange juice Thousand t 2,094 2,626 to 3,187 25.4 to 52.2 138 185 to 1,391 34.7 to 912 Milk Million litters Paper Thousand t 1,937 2,332 to 3,229 20.4 to 66.7 Pulp Thousand t 9,853 13,735 to 16,375 39.4 to 66.2 Source: AGE/Mapa and SGE/Embrapa 89 Table 28 – Leadind Exporters of Agricultural Products in 2023/24 Million Tons Share in the World Market (%) Corn United States Brazil Argentina Former Soviet Union Total Exports 57.2 31.9 24.1 25.7 145 39.4 22.0 16.6 17.7 100.0 Soybean Brazil 65.2 United States 48.7 Argentina 16.3 Other South Americans12.5 Total Exports 151.7 43.0 32.1 10.7 8.2 100.0 Beef Brazil Índia United States Austrália Others New Zeland Total Exports 2.9 2.6 1.5 1.5 1.5 0.6 10.0 28.9 25.6 15.5 15.1 9.1 5.8 100.0 Chicken Brazill United States Sovietic Union Thailand China Total Exports 5.8 4.3 1.2 1.0 0.6 11.8 48.9 36.1 9.9 8.1 4.7 100.0 Pork United States Union European Canada Brazil China 2.9 2.4 1.4 0.8 0.4 36.9 30.8 17.2 10.0 4.9 Total Exports 7.9 100.0 Source: USDA,2014 and AGE/Mapa and SGE/Embrapa 90 The five complexes shown in the table represent the main food consumed in the world and considered essential by almost all the world’s population. Should continue expressive and with a tendency to increase the participation of Brazil in world trade in soybeans, beef and chicken. As noted, the Brazilian soybean should have in 2023/2024 a share in world exports of 43.0%, beef 28.9%, and chicken, 48.9%. Besides its importance in relation to those goods Brazil will maintain leadership in world trade in coffee, and sugar. Finally, the regional projections are indicating that the largest increases in production and area of cane sugar, must occur in the state of Goiás, although this is still a state of small production. But São Paulo as major national producer, also projected high growth of production and area of the product. Mato Grosso should continue to lead the expansion of maize production in the country with higher expected increases in production to 62.2%. The region called MATOPIBA, to be situated in the Brazilian states of Maranhão, Tocantins, Piauí and Bahia, should present sharp increase in grain production as well as its area must also present significant increase. Projections indicate this region is expected to produce around 22.6 million tons of grain in 2024 (up 21.4%) and an area planted with grains between 8.4 and 10.9 million hectares at the end of the period of the projections. 91 7.REFERENCES ABIOVE – Associação Brasileira das Indústrias de Óleos Vegetais. Informações obtidas por solicitação, 2014 ABRAF - Associação Brasileira de Produtores de Florestas Plantadas, Anuário Estatístico da ABRAF, Brasília, 2009, 127 p. AGROSTAT - (Banco de dados sobre comércio exterior). Ministério da Agricultura, Pecuária e Abastecimento, 2014. www.agricultura.gov.br/ internacional BOWERMAN, Bruce L.; O'CONNEL, Richard T. e KOEHLER, Anne B. Forecasting Time Series and Regression, Thomson, 2005. BOX, George E. P.; JENKINS, Gwilym M. Time Series Analysis: Forecasting and Control, Holden Day. Bradesco, Boletim Diário Matinal. Disponível economiaemdia.com.br/>. Acesso em: 15/01/2013 em: <http://www. Brasil. Ministério da Agricultura, Pecuária e Abastecimento. Anuário Estatístico da Agroenergia 2012 - Secretaria de Produção e Agroenergia. Brasília 2013, 282 p. Brasil. Ministério da Agricultura, Pecuária e Abastecimento. Disponível em: <http://www.agricultura.gov.br>. Acesso em maio de 2014. Brasil. Ministério da Agricultura, Pecuária e Abastecimento. Projeções do Agronegócio: Brasil 2012/2013 a 2022/2023, Assessoria de Gestão Estratégica. Brasília, 2013, 95 p. BRESSAN FILHO, Ângelo. O etanol como um novo combustível universal. Análise estatística e projeção do consumo doméstico e exportação de álcool etílico brasileiro no período de 2006 a 2011. Conab, agosto de 2008. BROCKLEBANK, John C.; DICKEY, David A. SAS for Forecasting Time Series - SAS Institute Inc., Cary, NC: SAS Institute Inc., 2003 92 CONAB. 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Acesso em: fevereiro 2008, 2009, 2010, 2011, 2012 e 2013, 2014. 94 Ministério da Agricultura Pecuária e Abastecimento - Assessoria de Gestão Estratégica Annex 1 - Methodological Note ATTACHMENT 1 – Methodological Note 1. Introduction The study of the national agribusiness projections consists on the analysis of historical series with the use of statistical techniques for analysis of time series classified as Exponential Smoothing, Box and Jenkins (ARIMA) and State-Space. Below, there is a brief description of the models, methods and some concepts which were used in this study. As general reference it is suggested Morettin and Toloi, 2004). Other specific references are given throughout the text. 1.1 Stationary Process: A process is stationary (weakly) when its mean and its variance are constant through the time and when the value of the co-variance between two periods of time depends only on the difference between the two periods of time, and not on the time itself where the covariance is calculated. We have: Mean: E(Zt) = µ ; Variance: VAR (Zt) = E(Zt – µ)2 = σ2 Covariance: ψ = E[(Zt – µ)(Zt+ – µ) ] κ κ Where ψ is the covariance between the values of Zt and Zt+ that is, between two values of κ, κ the time series separated by κ periods. 1.2 Purely Random Process or White Noise: A process (et) is purely random when its mean is zero, its variance is σ2 and the variables et are not correlated. 1.3 Integrated Process: If a time series (non-stationary) has to be differenced d times to become stationary, it is said that this series is integrated of order d. An integrated time series Zt of order d is denoted as: Zt ~ I(d). 2. Exponential Smoothing Models The Double Exponential Smoothing or Linear Smoothing is adequate to time series Zt which evolve showing linear trend for which the linear and angular coefficients can also vary in time. It is possible to demonstrate that optimal representations of the exponential smoothing models are obtained from the ARIMA models and of State-Space models described below. In the double exponential smoothing approach (the only one we are dealing here) the linear coefficient µt (level) of the series in period t and its growth rate βt Projections of Agribusiness Brazil 2013/2014 a 2023/2024 56 95 Ministério da Agricultura Pecuária e Abastecimento - Assessoria de Gestão Estratégica in the same period are given by the smoothing equations (see Bowerman, O’ Connel and Koehler, 2005) µt = α Zt + (1 − α )( µt + βt −1 ) βt = γ ( µt − µt −1 ) + (1 − γ )βt −1 where α and γ are constants in the interval (0,1) and t=1,2,...,N. The predictor of the series in period N + τ based on period N is given by Zˆ N +τ = µN + τβ N . The exponential smoothing, simple, double (discussed here) or even triple can be obtained from PROC FORECAST (SAS, 2010), but the standard errors of the predictors may also be computed from state-space methods. 3. ARIMA Models The Autoregressive Integrated Moving Average (ARIMA) model fits data generated by a univariate time series, transformed to stationarity through calculations of differences, using a class of models known as autoregressive processes, moving average processes or mixed autoregressive-moving average processes 3.1. Autoregressive Process (AR) Let Zt be a stationary time series. If we model Zt as (Zt - µ) = α (Zt -1 - µ) + et , 1 where µ is the mean of Zt and et is a white noise, we say that Zt follows an autoregressive process of first order, or AR(1). In this case, the value of Zt in period t depends on its value in the previous period and on a random term; the values of Zt are expressed as deviations of its mean value. So, this model says that the forecasted value of Zt in period t is simply a proportion (= α ) of its value in the period (t-1) plus a random shock in period t. Stationarity is 1 achieved imposing α1 < 1. In general, it is possible to have: (Zt - µ) = α (Zt -1 - µ) + α (Zt -2 - µ) + ... + αp(Zt -p - µ) + et 1 2 In this case Zt follows an autoregressive process of order p, or AR(p) if the coefficients α i satisfy appropriate conditions. 3.2. Moving Average Process (MA) Projections of Agribusiness Brazil 2013/2014 a 2023/2024 57 96 Ministério da Agricultura Pecuária e Abastecimento - Assessoria de Gestão Estratégica Let Zt be a stationary time series. If we model Zt as Zt = µ + et − β et −1 Where µ and β are constants with β < 1 , and the error term et is a white noise, it is said that the time series defines the MA(1) - moving average process of order 1. In general, if the time series satisfies Zt = µ + et − β1et −1 − β 2et −2 − L − β q et − q where the coefficients βi satisfy additional conditions of invertibility, it is said that Zt follows a moving average process of order q, or MA(q). In summary a moving average process is a linear combination of terms of a white noise process. 3.3. Autoregressive Moving Average Process (ARMA) If a stationary time series (Zt) has characteristics of AR with errors following a process MA, it will be an ARMA process. The series Zt will follow an ARMA process (1,1), for example, if it can be represented by Zt = µ + α Zt −1 + et − β et −1 In general, for an ARMA process (p,q) there will be p autoregressive terms and q moving average terms. 3.4. Autoregressive Integrated Moving Average Process (ARIMA) If a time series is not stationary, but when differenced d times it becomes stationary, and it is an AR with errors MA, we say that the time series is an ARIMA (p, d, q), that is, an integrated autoregressive-moving averages time series, where p denotes the number of autoregressive terms, d is the number of times that we must difference the series to make it stationary, and q, is the number of moving average terms. It is important to emphasize ARMA models can be fit only to stationary and invertible time series. These properties are achieved through differencing. This approach was proposed by Box and Jenkins (1976). The fit and computation of forecasts of a given time series with the use of Box and Jenkins techniques were performed here using PROC ARIMA (SAS, 2010). 3.5. Deterministic Trends with ARMA Errors In one instance (consumption of cellulose) a satisfactory model was not possible with the use of integrated models. In this case it was used the regression model Zt=F(t)+Ut Projections of Agribusiness Brazil 2013/2014 a 2023/2024 58 97 Ministério da Agricultura Pecuária e Abastecimento - Assessoria de Gestão Estratégica where Ut is an ARMA error and F(t) a linear function in time. The PROC ARIMA (SAS, 2010) produces statistics for these models using generalized least squares. 4. State-Space Models The state-space model is a statistical model for a multivariate time series. It represents the multivariate time series through auxiliary variables, some of which are not observable directly. These auxiliary variables are denominated state-space variables. The state-space vector summarizes all the information of values from the present and from the past on the relevant time series for the prediction of future values for the series. The observed time series are expressed as linear combination of the state variables. The statespace model is called a Markovian representation or canonical representation of a multivariate time series. Let Zt be a q dimensional time series. Its representation in state-space, relate the observations vector Zt to the state vector Xt , of dimension k, through the linear system Zt = At X t + dt + St ε t (observation equation), X t = Gt X t −1 + ct + Rtηt (state or system equation) where t=1,..., N ; Αt is the matrix of the system of order (q x k); ε t is the noise vector of the observation of order (q x 1), not correlated in time, with mean vector zero and matrix of variance Wt of order (q x q), ; Gt is the transition matrix of order (k x k) ; ηt is a noise vector not correlated in time, of order (k x 1), with mean vector zero and matrix of variance Qt of order (k x k); dt has order (q x 1) ; ct has order (k x 1); Rt has order (k x k). In the state-space models it is supposed additionally that the initial state X0 has mean µ0 and matrix of variance Σ0; the noise vectors ε t and ηt are not correlated with each other and not correlated with the initial state, that is, E(εtηs’) = 0, every t , s= 1,...,N; and E(εt X0’) = 0 and E(ηt X0’) = 0, t= 1,...,N; It is said that the state-space model is Gaussian when the noise vectors are normally distributed. The matrixes Αt and Gt are non-stochastic; in this way if there is any variation in time it will be pre-determined. Projections of Agribusiness Brazil 2013/2014 a 2023/2024 59 98 Ministério da Agricultura Pecuária e Abastecimento - Assessoria de Gestão Estratégica In this work it was used a particular form of the general representation described above, which is the stationary representation described in SOUZA, et al, 2006 and Brocklebank and Dickey, 2004. It is important to notice here that every ARMA process has a state-space representation. The parameters of the state-space representation are estimated by maximum likelihood supposing that the residual shocks vector are normally (multivariate) distributed. The fit and forecasts of time series performed via state-space models were performed using PROC STATESPACE (SAS, 2010). 5. AIC and SBC Information Criterion The information criteria are very useful to assist in choosing the best model among those which are potentially adequate. These criteria consider not only the quality of the fit but also penalize the inclusion of extra parameters. Therefore, a model with more parameters can have a better fit, however not necessarily it will be preferable in terms of the information criterion. It is considered the best model by the information criteria the one which presents the lowest values of AIC or SBC. The information criterions known as Akaike Information Criterion (AIC) and the Schwartz Bayesian Criterion (SBC) can be described as follows: AIC = T ln (estimator of maximum verisimilitude) + 2n, SBC = T ln (estimator of maximum verisimilitude) + n ln(T) Where, T is the number of observations used in the computations and n the number of parameters estimated. It is interesting to highlight that these information criteria analyzed individually do not have any meaning considering only one model. Comparison of alternative models (or competing) is to be done in the same sampling period, in other words, with the same quantity of information. In this work the use of the information criteria was used in the choice of the order of some ARMA models and restricted to the Akaike criterion in the context of the use of the state-space modeling. Projections of Agribusiness Brazil 2013/2014 a 2023/2024 60 thousand hectares 61,469 55,637 65,172 54,309 59,741 226,469 184,352 205,411 2015/16 68,068 53,389 60,729 236,349 186,280 211,315 2016/17 70,621 52,688 61,654 245,257 189,094 217,176 2017/18 72,917 52,193 62,555 254,002 192,110 223,056 2018/19 75,051 51,845 63,448 262,458 195,403 228,930 2019/20 77,063 51,613 64,338 270,744 198,870 234,807 2020/21 78,985 51,469 65,227 278,874 202,493 240,684 2021/22 Source: AGE/Mapa and SGE/Embrapa *– raw cotton,peanuts, rice, oats, canola, rye, barley, beans, sumflower, castor, corn, soybean, sorghum, wheat and triticale lower limit Up limit 58,553 181,884 199,656 2014/15 Grains* Area 56,861 193,566 2013/14 217,428 thousand tons Unit lower limit Up limit Grains* production Product Projection of Grains* - Brazil 2013/2014 to 2023/2024 Brazil – National ANNEX 2 – Results 80,834 51,397 66,115 286,879 206,241 246,560 2022/23 82,624 51,384 67,004 294,778 210,096 252,437 2023/24 45 -10 18 52 9 30 variation % 2013/14 to 2023/24 lower limit Up limit Pork lower limit Up limit Beef lower limit Up limit Chicken lower limit Up limit Wheat lower limit thousand tons thousand tons thousand tons thousand tons 3,553 9,753 12,691 7,373 7,118 4,067 3,264 3,666 10,799 8,725 9,762 14,122 12,041 13,081 10,519 4,751 7,635 8,125 6,581 7,353 Up limit thousand tons 26,986 26,275 4,346 3,211 3,778 11,921 8,696 10,309 14,620 12,417 13,519 11,975 3,818 7,897 8,481 6,539 7,510 33,173 30,079 103,825 82,683 93,254 100,811 66,113 83,462 3,644 2,212 2,928 16,459 9,155 12,807 2,322 1,477 1,900 2015/16 28,676 98,215 81,446 89,831 93,896 67,538 80,717 3,835 2,524 3,179 15,285 10,120 12,703 2,517 1,770 2,143 2014/15 Soybeans oil 28,105 86,052 77,887 3,714 12,251 1,672 2013/14 31,078 thousand tons thousand tons thousand tons thousand tons thousand tons thousand tons Unit lower limit lower limit Soybeans meal Up limit Up limit Soybeans lower limit Up limit Corn lower limit Up limit Beans lower limit Up limit Rice lower limit Up limit Cotton Production 4,586 3,196 3,891 12,573 8,691 10,632 15,571 12,372 13,972 13,154 3,163 8,158 8,827 6,584 7,706 33,935 27,134 30,534 108,549 84,205 96,377 107,583 65,962 86,773 3,990 2,547 3,268 17,383 8,438 12,910 2,148 1,290 1,719 2016/17 4,806 3,201 4,004 12,661 8,242 10,451 16,090 12,774 14,432 14,188 2,652 8,420 9,164 6,608 7,886 34,918 27,165 31,041 113,376 85,582 99,479 110,940 65,296 88,118 4,066 2,388 3,227 18,179 7,849 13,014 2,558 1,641 2,099 2017/18 5,013 3,219 4,116 13,091 8,086 10,589 16,931 12,857 14,894 15,131 2,233 8,682 9,472 6,660 8,066 36,218 27,601 31,910 117,921 87,188 102,555 117,488 65,544 91,516 3,949 2,124 3,036 18,892 7,344 13,118 2,813 1,730 2,271 2018/19 5,212 3,246 4,229 13,600 8,454 11,027 17,445 13,270 15,358 16,008 1,879 8,944 9,773 6,720 8,247 37,158 27,967 32,562 122,309 88,903 105,606 120,947 65,438 93,193 4,096 2,232 3,164 19,547 6,896 13,222 2,622 1,522 2,072 2019/20 5,403 3,280 4,342 13,699 8,510 11,105 18,225 13,419 15,822 16,836 1,574 9,205 10,064 6,787 8,425 38,043 28,227 33,135 126,624 90,696 108,660 126,846 66,209 96,528 4,193 2,217 3,205 20,158 6,493 13,326 2,689 1,582 2,135 2020/21 5,589 3,319 4,454 13,799 8,520 11,159 18,734 13,839 16,286 17,625 1,309 9,467 10,347 6,862 8,604 39,082 28,630 33,856 130,846 92,577 111,712 129,980 66,297 98,138 4,149 2,049 3,099 20,734 6,125 13,429 3,004 1,819 2,411 2021/22 5,771 3,363 4,567 14,314 8,916 11,615 19,474 14,029 16,751 18,381 1,076 9,729 10,624 6,941 8,783 40,031 29,047 34,539 134,999 94,523 114,761 135,617 67,377 101,497 4,209 2,049 3,129 21,280 5,786 13,533 3,051 1,800 2,426 2022/23 Projected Prodution - Brazil 2013/2014 to 2023/2024 5,948 3,411 4,680 14,707 9,243 11,975 19,979 14,454 17,216 19,111 870 9,991 10,896 7,026 8,961 40,919 29,417 35,168 139,097 96,525 117,811 138,603 67,638 103,121 4,292 2,053 3,173 21,803 5,471 13,637 2,981 1,719 2,350 2023/24 67 -4 32 51 -5 23 57 14 36 159 -88 35 53 -1 26 46 5 25 62 12 37 78 -13 32 16 -45 -15 78 -55 11 78 3 41 variation % 2013/14 to 2023/24 thousand tons thousand tons thousand bunche thousand tons thousand tons thousand tons thousand tons thousand tons 15,736 10,759 701 1,271 1,361 256 658,823 17,106 15,240 16,173 11,237 10,746 10,992 764 651 707 1,488 1,124 1,306 1,605 1,221 1,413 315 182 249 671,690 671,690 671,690 1,079 701 17,952 15,397 16,675 11,565 10,969 11,267 793 634 714 1,560 1,128 1,344 1,647 1,201 1,424 332 161 247 723,714 659,439 691,576 1,093 715 904 38,885 34,060 36,473 20,247 12,895 16,571 4,279 3,622 3,950 27,665 16,920 22,292 45,774 36,755 41,265 62 40 51 18,681 15,686 17,183 11,848 11,184 11,516 818 622 720 1,638 1,124 1,381 1,733 1,186 1,459 343 141 242 781,900 644,897 713,399 1,197 661 929 41,016 35,739 38,377 21,191 12,187 16,689 4,257 3,599 3,928 28,658 16,289 22,473 48,304 37,570 42,937 67 40 53 19,410 15,892 17,651 12,136 11,415 11,776 839 613 726 1,707 1,130 1,418 1,788 1,177 1,483 354 124 239 837,348 636,543 736,946 1,211 675 943 41,826 35,220 38,523 22,007 11,610 16,808 4,370 3,686 4,028 29,362 15,253 22,307 50,305 38,223 44,264 68 40 54 20,116 16,196 18,156 12,429 11,641 12,035 859 606 20,789 16,492 18,640 12,704 11,874 12,289 878 601 739 1,838 1,774 733 1,148 1,493 1,907 1,171 1,539 369 93 231 917,432 645,198 781,315 1,310 654 982 44,623 36,516 40,569 23,413 10,679 17,046 4,549 3,781 4,165 30,559 13,720 22,140 54,394 39,932 47,163 73 40 56 1,137 1,456 1,852 1,173 1,513 362 108 235 880,618 637,752 759,185 1,296 640 968 43,927 36,923 40,425 22,739 11,115 16,927 4,501 3,754 4,127 29,971 14,455 22,213 52,415 39,083 45,749 72 39 55 21,459 16,798 19,128 13,000 12,106 12,553 895 596 746 1,900 1,160 1,530 1,963 1,172 1,567 376 79 227 952,403 654,149 803,276 1,385 628 1,007 46,696 38,244 42,470 24,042 10,288 17,165 4,599 3,820 4,209 31,073 13,005 22,039 56,365 40,852 48,608 76 40 58 22,113 17,131 19,622 13,269 12,340 12,805 912 592 752 1,961 1,174 1,568 2,015 1,174 1,595 382 65 224 986,930 663,961 825,446 1,399 642 1,021 47,315 37,912 42,613 24,635 9,932 17,283 4,686 3,882 4,284 31,558 12,346 21,952 58,288 41,791 50,040 77 40 59 22,755 17,461 20,108 13,564 12,576 13,070 928 589 758 2,020 1,190 1,605 2,067 1,178 1,622 387 53 220 1,020,836 674,368 847,602 1,469 622 1,046 49,368 39,660 44,514 25,200 9,604 17,402 4,768 3,936 4,352 32,008 11,714 21,861 60,190 42,765 51,478 80 41 60 23,392 17,806 20,599 13,830 12,811 13,320 944 586 765 2,078 1,206 1,642 2,117 1,183 1,650 392 40 216 1,053,984 685,569 869,777 1,483 636 1,060 49,933 39,381 44,657 25,741 9,301 17,521 4,831 3,980 4,406 32,431 11,109 21,770 62,066 43,759 52,913 82 41 61 Source: AGE/Mapa and SGE/Embrapa Note: Sugar Cane refers to the sugar cane intended to alcohol and sugar production * seed cotton, full peanuts, rice, oats, canola, rye, barley, full beans, sunflower, castor, full corn, soybeans, sorghum, wheat and triticale lower limit Up limit Pulp lower limit Up limit Paper lower limit Up limit Banana lower limit Up limit Apple lower limit Up limit Grape lower limit Up limit cocoa lower limit Up limit Sugar Cane lower limit Up limit 890 34,746 36,322 19,051 13,853 16,452 4,254 3,642 3,948 27,108 18,695 22,902 44,074 36,585 40,330 48 48 48 Tobacco 865 34,408 16,333 3,711 22,655 37,878 47 37,897 million liters thousand tons thousand tons thousand tons thousand tons millions bags lower limit Up limit Milk lower limit Up limit Orange lower limit Up limit Potato lower limit Up limit Manioc lower limit Up limit Sugar lower limit Up limit Coffee 31 49 13 31 29 19 24 35 -16 9 64 -5 29 56 -13 21 53 -84 -16 60 4 32 72 -26 23 45 14 30 58 -43 7 30 7 19 43 -51 -4 64 16 40 74 -13 lower limit Up limit Manioc ( * ) lower limit Up limit Coffee lower limit Up limit Wheat lower limit Up limit Soybeans lower limit Up limit Corn lower limit Up limit Beans lower limit Up limit Rice lower limit Up limit Cotton Planted Area thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares Unit 1,525 2,016 2,617 30,105 15,726 3,359 2,417 1,095 2013/14 850 1,797 1,335 1,566 1,818 1,200 1,509 2,425 1,507 1,955 1,955 1,966 3,725 1,743 2,734 36,736 28,792 32,764 1,955 3,376 1,975 2,676 33,887 29,309 31,598 18,422 13,326 13,799 17,518 15,874 4,222 2,039 3,131 3,127 1,312 2,220 15,659 4,016 2,473 3,245 2,960 1,677 2,318 1,594 1,094 1,747 1,222 2015/16 1,420 2014/15 1,863 1,153 1,508 2,494 1,423 1,958 4,006 1,579 2,793 39,176 28,395 33,785 19,055 12,931 15,993 4,353 1,680 3,016 3,232 1,010 2,121 1,442 618 1,030 2016/17 1,897 1,083 1,490 2,555 1,333 1,944 4,253 1,450 2,851 41,336 28,166 34,751 19,553 12,606 16,080 4,445 1,359 2,902 3,305 739 2,022 1,706 809 1,258 2017/18 1,920 1,024 1,472 2,613 1,263 1,938 4,477 1,343 2,910 43,324 28,070 35,697 20,056 12,320 16,188 4,513 1,062 2,788 3,358 489 1,924 1,867 845 1,356 2018/19 1,944 970 1,457 2,661 1,190 1,925 4,685 1,252 2,968 45,187 28,078 36,633 20,527 12,079 16,303 4,563 784 2,674 3,396 254 1,825 1,704 637 1,171 2019/20 1,963 917 1,440 2,707 1,129 1,918 4,881 1,173 3,027 46,959 28,171 37,565 20,960 11,863 16,412 4,601 518 2,559 3,423 29 1,726 1,719 607 1,163 2020/21 1,980 868 1,424 2,747 1,065 1,906 5,068 1,103 3,085 48,662 28,330 38,496 21,372 11,668 16,520 4,627 263 2,445 3,442 - 1,627 1,915 732 1,324 2021/22 1,996 820 1,408 2,787 1,009 1,898 5,246 1,042 3,144 50,311 28,543 39,427 21,768 11,491 16,630 4,645 16 2,331 3,453 - 1,529 1,924 678 1,301 2022/23 Projections of Planted Area - Brazil 2013/2014 to 2023/2024 2,010 773 1,391 2,822 952 1,887 5,419 986 3,203 51,915 28,799 40,357 22,149 11,329 16,739 4,656 - 2,217 3,458 - 1,430 1,842 558 1,200 2023/24 32 -49 -9 40 -53 -6 107 -62 22 72 -4 34 41 -28 6 39 - -34 43 - -41 68 -49 10 variation % 2013/14 to 2023/24 thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares thousand hectares 489 37 78 686 8,811 417 717 132 144 853 530 440 519 455 41 485 487 40 38 35 36 38 86 72 74 83 79 78 775 594 604 764 685 9,949 8,566 9,258 524 340 684 9,130 9,130 9,130 477 374 432 817 425 545 599 699 147 708 112 128 118 132 539 429 484 42 35 39 89 71 80 787 579 683 10,634 8,441 9,537 565 310 437 878 502 690 141 109 125 545 418 482 44 35 39 92 70 81 796 570 683 11,274 8,222 9,748 601 284 443 898 463 681 140 108 124 551 409 480 45 35 40 94 69 82 805 560 682 11,776 8,204 9,990 633 262 448 915 429 672 140 105 122 556 401 479 45 35 40 96 69 83 812 551 681 12,218 8,201 10,209 662 243 453 929 396 663 138 102 120 Source: AGE/Mapa and SGE/Embrapa Note: Area of Sugar Cane , refers to area destinated to production of alcohol and sugar. * harvested area lower limit Up limit Banana ( * ) lower limit Up limit Apple ( * ) lower limit Up limit Grape ( * ) lower limit Up limit cocoa ( * ) lower limit Up limit Sugar Cane ( * ) lower limit Up limit Tobacco ( * ) lower limit Up limit Orange ( * ) lower limit Up limit Potato ( * ) 561 393 477 46 35 41 98 69 84 820 542 681 12,640 8,241 10,440 688 226 457 941 366 654 137 99 118 565 385 475 47 36 41 100 69 84 827 534 680 13,050 8,282 10,666 713 211 462 952 337 645 135 97 116 569 378 474 48 36 42 102 68 85 833 526 680 13,450 8,341 10,895 737 197 467 962 310 636 134 94 114 572 371 472 49 36 42 104 68 86 839 518 679 13,838 8,408 11,123 759 185 472 970 283 627 132 92 112 17 -24 -3 31 -4 13 33 -12 10 22 -24 -1 57 -5 26 82 -56 13 35 -61 -13 1 -30 -15 lower limit Up limit Wheat lower limit Up limit Soybeans oil lower limit Up limit Soybeans meal lower limit Up limit Soybeans lower limit Up limit Corn lower limit Up limit Beans lower limit Up limit Rice lower limit Up limit Cotton Consumption thousand tons thousand tons thousand tons thousand tons thousand tons thousand tons thousand tons thousand tons Unit 12,192 5,500 14,100 40,080 53,818 3,450 12,000 900 13,443 11,366 12,405 5,911 5,222 14,086 11,149 12,617 6,225 5,058 5,642 16,085 15,234 5,566 14,006 15,046 47,988 36,729 42,358 58,892 52,844 55,868 4,090 2,860 3,475 12,801 11,293 12,047 1,044 772 908 13,824 14,529 45,698 36,767 41,233 56,652 53,100 54,876 3,897 3,028 3,463 12,557 11,490 12,023 1,000 808 904 14,628 11,031 12,830 6,564 4,946 5,755 16,793 14,303 15,548 49,739 37,044 43,391 60,927 52,810 56,868 4,240 2,735 3,488 12,994 11,146 12,070 1,078 746 912 15,119 10,966 13,042 6,913 4,847 5,880 17,463 14,575 16,019 51,612 37,191 44,401 62,859 52,938 57,899 4,369 2,631 3,500 13,161 11,027 12,094 1,108 724 916 15,577 10,933 13,255 7,258 4,775 6,016 18,181 14,895 16,538 53,329 37,499 45,414 64,675 53,196 58,936 4,484 2,541 3,513 13,310 10,925 12,117 1,134 705 920 16,011 10,924 13,468 7,597 4,724 6,161 18,851 15,247 17,049 54,969 37,865 46,417 66,396 53,538 59,967 4,589 2,461 3,525 13,447 10,834 12,141 1,159 689 924 16,428 10,933 13,680 7,928 4,690 6,309 19,492 15,595 17,543 56,583 38,256 47,420 68,055 53,945 61,000 4,687 2,388 3,538 13,575 10,753 12,164 1,182 674 928 16,830 10,956 13,893 8,250 4,673 6,461 20,143 15,958 18,050 58,152 38,694 48,423 69,665 54,404 62,034 4,779 2,321 3,550 13,696 10,679 12,188 1,203 660 932 17,221 10,990 14,105 8,563 4,668 6,616 20,783 16,336 18,559 59,688 39,161 49,425 71,234 54,902 63,068 4,866 2,259 3,563 13,811 10,611 12,211 1,223 648 936 17,602 11,034 14,318 8,869 4,674 6,772 21,407 16,716 19,061 61,200 39,654 50,427 72,770 55,434 64,102 4,949 2,201 3,575 13,921 10,548 12,235 1,243 636 939 44 -9 17 61 -15 23 52 19 35 53 -1 26 35 3 19 43 -36 4 16 -12 2 38 -29 4 variation % 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2013/14 to 2023/24 Projections of Consumption - Brazil 2013/2014 to 2023/2024 thousand tons thousand tons million liters millions bags thousand tons thousand tons thousand tons thousand tons 6,327 10,125 36,298 20 12,233 3,032 7,744 8,689 Source: AGE/Mapa and SGE/Embrapa lower limit Up limit Pulp lower limit Up limit Paper lower limit Up limit Milk lower limit Up limit Coffee lower limit Up limit Sugar lower limit Up limit Pork lower limit Up limit Beef lower limit Up limit Chicken 6,862 5,923 6,392 10,820 9,846 10,333 40,069 34,551 37,310 21 21 21 13,640 10,882 12,261 4,750 1,491 3,120 8,332 6,898 7,615 9,615 8,338 8,976 7,034 6,029 6,531 11,243 9,953 10,598 41,810 34,794 38,302 22 20 21 14,300 11,087 12,694 5,513 904 3,209 8,880 6,852 7,866 10,166 8,360 9,263 7,224 6,085 6,654 11,595 10,131 10,863 43,420 35,161 39,290 23 21 22 14,881 11,046 12,963 6,119 475 3,297 9,198 6,980 8,089 10,656 8,445 9,551 7,356 6,161 6,759 11,923 10,280 11,102 44,948 35,608 40,278 24 21 22 15,442 11,155 13,299 6,644 126 3,385 9,189 6,795 7,992 11,115 8,561 9,838 7,531 6,248 6,889 12,267 10,487 11,377 46,419 36,112 41,265 24 22 23 15,970 11,245 13,607 7,117 - 3,474 9,399 6,765 8,082 11,553 8,697 10,125 7,678 6,324 7,001 12,562 10,639 11,601 47,849 36,657 42,253 25 22 24 16,485 11,369 13,927 7,553 - 3,562 9,752 7,090 8,421 11,976 8,848 10,412 7,829 6,412 7,120 12,905 10,858 11,881 49,246 37,234 43,240 26 22 24 16,983 11,501 14,242 7,961 - 3,650 9,841 7,161 8,501 12,389 9,010 10,699 7,984 6,498 7,241 13,188 11,015 12,102 50,617 37,838 44,228 27 23 25 17,471 11,647 14,559 8,347 - 3,738 9,906 7,098 8,502 12,792 9,181 10,987 8,129 6,584 7,356 13,529 11,242 12,385 51,967 38,464 45,215 27 23 25 17,949 11,802 14,875 8,715 - 3,827 10,230 7,289 8,759 13,189 9,358 11,274 8,279 6,674 7,476 13,805 11,406 12,605 53,297 39,108 46,203 28 24 26 18,419 11,965 15,192 9,068 - 3,915 10,451 7,456 8,953 13,580 9,542 11,561 31 5 18 36 13 25 47 8 27 39 19 29 51 -2 24 199 - 29 35 -4 16 56 10 33 lower limit Up limit Beef lower limit Up limit Chicken lower limit Up limit thousand tons thousand tons thousand tons 2,068 4,002 2,515 1,770 2,143 4,674 3,689 4,181 2,119 941 1,530 12,406 14,166 52,768 41,815 47,292 30,264 15,348 22,806 923 291 607 2014/15 Soybeans oil 1,374 13,579 45,297 21,000 575 2013/14 15,926 thousand tons thousand tons thousand tons thousand tons Unit lower limit Up limit Soybeans meal lower limit Up limit Soybeans lower limit Up limit Corn lower limit Up limit Cotton Export 2,861 1,584 2,223 4,887 3,758 4,323 2,422 701 1,562 17,103 11,675 14,389 57,032 41,541 49,286 35,117 14,885 25,001 1,085 192 639 2015/16 3,165 1,445 2,305 5,384 3,670 4,527 2,686 509 1,598 18,154 11,277 14,715 60,767 41,795 51,281 37,144 14,676 25,910 1,218 123 671 2016/17 3,435 1,341 2,388 5,613 3,747 4,680 2,945 299 1,622 18,821 10,746 14,783 64,229 42,322 53,276 39,264 14,317 26,790 1,334 71 702 2017/18 3,682 1,261 2,471 6,054 3,727 4,890 3,164 97 1,631 19,545 10,333 14,939 67,517 43,024 55,270 41,748 14,287 28,018 1,440 28 734 2018/19 3,910 1,199 2,555 6,276 3,816 5,046 3,369 - 1,637 20,230 10,027 15,128 70,680 43,849 57,265 44,016 14,368 29,192 1,540 - 766 2019/20 4,125 1,151 2,638 6,679 3,837 5,258 3,556 - 1,637 20,801 9,713 15,257 73,750 44,769 59,260 46,121 14,476 30,298 1,634 - 798 2020/21 4,330 1,113 2,722 6,893 3,936 5,415 3,727 - 1,635 21,358 9,430 15,394 76,745 45,763 61,254 48,201 14,648 31,425 1,723 - 830 2021/22 4,526 1,084 2,805 7,271 3,984 5,627 3,887 - 1,631 21,912 9,201 15,557 79,679 46,818 63,249 50,247 14,883 32,565 1,809 - 862 2022/23 Projections of Export - Brazil 2013/2014 to 2023/2024 4,715 1,062 2,889 7,478 4,090 5,784 4,036 - 1,626 22,422 8,980 15,701 82,563 47,924 65,244 52,237 15,158 33,698 1,892 - 893 2023/24 128.1 -48.6 39.7 86.9 2.2 44.5 193.9 - 18.4 65.1 -33.9 15.6 82.3 5.8 44.0 148.7 -27.8 60.5 229.1 - 55.4 variation % 2013/14 to 2023/24 thousand tons thousand tons millions liters thousand tons thousand tons millions bags thousand tons 9,853 1,937 138 2,094 27,154 32 534 Source: AGE/Mapa and SGE/Embrapa lower limit Up limit Pulp lower limit Up limit Paper lower limit Up limit Milk lower limit Up limit Suco de Orange lower limit Up limit Sugar lower limit Up limit Coffee lower limit Up limit Pork 11,233 9,247 10,240 2,257 1,734 1,995 657 - 142 2,448 1,910 2,179 32,552 23,096 27,824 39 26 33 700 418 559 11,916 9,326 10,621 2,470 1,640 2,055 777 - 147 2,537 1,893 2,215 34,896 23,519 29,207 41 26 33 783 385 584 12,527 9,517 11,022 2,576 1,581 2,079 879 - 152 2,631 1,914 2,272 37,128 23,577 30,352 42 26 34 853 365 609 13,117 9,688 11,403 2,712 1,532 2,122 970 - 157 2,715 1,926 2,320 39,208 23,947 31,577 44 26 35 916 352 634 13,694 9,894 11,794 2,782 1,502 2,142 1,052 - 161 2,799 1,946 2,372 41,198 24,352 32,775 45 26 36 974 344 659 14,248 10,118 12,183 2,897 1,483 2,190 1,128 - 166 2,880 1,966 2,423 43,122 24,843 33,982 47 26 37 1,029 339 684 14,794 10,345 12,569 2,961 1,464 2,213 1,200 - 171 2,959 1,989 2,474 44,993 25,380 35,186 48 26 37 1,082 336 709 15,329 10,590 12,959 3,068 1,454 2,261 1,267 - 176 3,036 2,013 2,525 46,821 25,962 36,391 50 27 38 1,133 335 734 15,855 10,839 13,347 3,128 1,440 2,284 1,330 - 180 3,112 2,038 2,575 48,614 26,578 37,596 51 27 39 1,182 336 759 16,375 11,096 13,735 3,229 1,435 2,332 1,391 - 185 3,187 2,065 2,626 50,378 27,224 38,801 52 27 40 1,230 338 784 66.2 12.6 39.4 66.7 -25.9 20.4 911.6 - 34.7 52.2 -1.4 25.4 85.5 0.3 42.9 63.7 -15.7 24.0 130.4 -36.6 46.9 millions liters thousand tons thousand tons thousand tons Unit 1,057 5,500 300 1,000 2013/14 Source: AGE/Mapa and SGE/Embrapa lower limit Up limit Milk lower limit Up limit Wheat lower limit Up limit Beans lower limit Up limit Rice Import 2,820 - 1,047 7,201 3,754 5,478 436 178 307 1,769 165 967 2014/15 3,209 - 1,037 7,893 3,018 5,456 497 132 314 2,069 - 934 2015/16 3,535 - 1,028 8,418 2,448 5,433 545 98 322 2,291 - 901 2016/17 3,821 - 1,018 8,858 1,964 5,411 587 71 329 2,473 - 868 2017/18 4,079 - 1,008 9,243 1,535 5,389 625 47 336 2,629 - 836 2018/19 4,316 - 999 9,588 1,145 5,367 659 27 343 2,768 - 803 2019/20 4,535 - 989 9,904 785 5,345 692 9 350 2,892 - 770 2020/21 4,740 - 979 10,197 448 5,322 723 - 358 3,006 - 737 2021/22 4,934 - 970 10,470 130 5,300 752 - 365 3,111 - 704 2022/23 Projections of Import - Brazil 2013/2014 to 2023/2024 5,118 - 960 10,728 - 5,278 780 - 372 3,208 - 671 2023/24 384.4 - -9.2 95.1 - -4.0 160.0 - 24.0 220.8 - -32.9 variation % 2013/14 to 2023/24 7,259 2013/14 18,623 2013/14 6,998 6,036 7,959 2014/15 23,043 20,368 17,693 2014/15 7,570 6,554 8,585 2015/16 20,748 16,966 13,183 2015/16 7,245 5,768 8,722 2016/17 20,456 16,647 12,839 2016/17 7,795 6,274 9,316 2017/18 24,460 20,626 16,792 2017/18 7,463 5,594 9,331 2018/19 26,503 22,029 17,555 2018/19 8,011 6,106 9,916 2019/20 24,880 19,847 14,813 2019/20 7,678 5,485 9,871 2020/21 24,902 19,813 14,724 2020/21 8,226 6,002 10,449 2021/22 27,917 22,773 17,629 2021/22 7,892 5,417 10,367 2022/23 29,476 23,939 18,402 2022/23 Source: AGE/Mapa and SGE/Embrapa * It is a region located at the Centre – Northeast of Brazil and formed by municipalities of Maranhão, Tocantins, Piauí and Bahia. Grains Up limit lower limit Planted Area lower limit Grains Up limit Production 8,440 5,938 10,942 2023/24 28,510 22,607 16,703 2023/24 16 -18 51 variation % 2013/14 to 2023/24 53 21 -10 variation % 2013/14 to 2023/24 Production Projections and Planted Área - 2013/2014 to 2023/2024 Brazil – MATOPIBA 2016/17 2017/18 155 432 293 250 156 203 566 448 303 265 159 212 592 467 313 279 163 221 616 486 829 1,532 1,250 483 866 2,234 1,334 1,784 522 188 2019/20 2020/21 1,346 461 903 2,560 1,398 1,979 525 191 1,435 445 940 3,031 1,430 2,231 526 192 1,520 435 978 3,398 1,454 2,426 528 193 1,600 429 1,015 3,896 1,459 2,678 528 194 361 140 506 323 293 167 230 642 503 1,678 426 1,052 4,295 1,450 2,873 529 195 362 137 529 333 306 172 239 668 522 1,753 425 1,089 4,818 1,431 3,124 529 195 362 135 550 343 319 177 248 692 541 1,826 426 1,126 5,246 1,394 3,320 530 195 362 134 571 353 332 182 257 717 560 639 2021/22 Source: AGE/Mapa and SGE/Embrapa * It is a region located at the Centre – Northeast of Brazil and formed by municipalities of Maranhão, Tocantins, Piauí and Bahia. lower limit Up limit São Desidério - BA lower limit Up limit Formosa do Rio Preto - BA lower limit 353 361 Up limit 2018/19 Soybeans - Selected Municipalities - thousand tons 507 529 551 573 595 617 2015/16 *Barreiras Região localizada no Brasil central formada pelos355 estados de358 MA, TO, PI, BA - BA 359 163 403 283 236 153 194 535 434 485 2014/15 143 482 273 185 464 2013/14 148 458 Up limit lower limit Fonte: AGE/Mapa e SGE/Embrapa Uruçuí - PI lower limit Up limit Campos Lindos - TO lower limit Up limit Balsas - MA Production 1,897 429 1,163 5,790 1,352 3,571 530 196 363 133 592 362 345 187 266 742 579 661 2022/23 Production Projections - 2013/2014 to 2023/2024 Brazil – MATOPIBA 1,967 433 1,200 6,244 1,289 3,767 530 196 363 133 612 372 358 193 275 767 598 682 2023/24 137 -48 45 308 -16 146 50 -45 3 -51 124 36 94 4 49 65 29 47 variation % 2013/14 to 2023/24 2015/16 264 lower limit São Desidério - BA Up limit 2017/18 2018/19 2019/20 2020/21 206 837 457 265 927 486 266 - 339 192 199 327 198 73 70 1,006 535 268 - 371 207 210 76 143 151 77 91 114 40 65 199 141 1,077 554 269 - 385 217 212 78 145 159 78 97 119 40 68 209 145 1,143 588 270 - 411 235 214 79 147 167 80 103 123 39 71 218 149 1,205 596 271 - 415 235 215 80 148 175 81 109 128 39 74 227 154 1,262 626 272 - 435 244 216 81 148 182 83 114 133 40 77 236 158 670 274 1,369 1,317 459 249 216 82 149 197 88 125 142 40 83 254 167 211 2022/23 635 273 - 437 240 216 82 149 190 86 119 138 40 80 245 163 204 2021/22 Source: AGE/Mapa and SGE/Embrapa * It is a region located at the Centre – Northeast of Brazil and formed by municipalities of Maranhão, Tocantins, Piauí and Bahia. lower limit 309 lower limit Formosa do Rio Preto - BA Up limit 127 142 139 133 134 84 109 42 63 189 137 lower limit 77 104 43 60 179 134 Barreiras - BA Up limit 2016/17 Soybeans - Selected Municipalities - thousand Hectares 157 163 170 177 184 190 197 2014/15 76 99 58 150 2013/14 76 Up limit lower limit Uruçuí - PI Up limit Campos Lindos - TO lower limit Up limit Balsas - MA Planted Area Projections f Planted Area - 2013/2014 to 2023/2024 Brazil – MATOPIBA 1,419 683 275 - 466 250 217 82 149 204 90 130 147 41 85 262 172 217 2023/24 437 121 4 - 51 -19 70 -35 17 106 -9 126 48 -29 49 75 15 45 variation % 2013/14 to 2023/24 lower limit Up limit MG lower limit Up limit SP lower limit Up limit PR lower limit Up limit MT lower limit Up limit MG lower limit Up limit GO lower limit Up limit RS Production 6,957 404,680 49,227 19,153 76,741 69,307 8,434 2013/14 8,600 6,581 7,590 469,649 389,475 429,562 57,714 43,866 50,790 20,908 16,247 18,577 86,628 74,730 80,679 77,795 64,324 71,060 9,772 7,610 8,691 2014/15 9,206 6,728 7,967 441,709 342,873 392,291 63,993 40,872 52,433 21,400 15,234 18,317 94,599 73,803 84,201 84,490 62,244 73,367 10,289 7,614 8,952 2015/16 9,132 6,583 7,858 532,946 360,283 446,615 69,059 39,130 54,094 23,496 16,833 20,164 101,977 73,032 87,504 91,110 60,883 75,997 10,467 7,602 9,035 2016/17 2018/19 2019/20 11,006 7,917 9,462 11,330 8,109 9,720 579,218 385,109 482,163 77,571 37,273 57,422 25,672 18,872 22,272 115,253 72,344 93,799 103,747 59,729 81,738 556,002 361,427 458,714 81,381 36,791 59,086 25,564 18,166 21,865 121,323 72,424 96,873 109,719 59,733 84,726 9,411 6,621 8,016 9,898 6,779 8,339 10,127 6,835 8,481 Corn - thousand tons 523,169 342,063 432,616 73,504 38,012 55,758 24,982 18,317 21,650 108,832 72,539 90,686 97,544 60,082 78,813 Sugar Cane - thousand tons 10,722 7,789 9,256 Rice - thousand tons 2017/18 10,317 6,870 8,594 607,674 402,575 505,125 85,002 36,498 60,750 26,252 17,968 22,110 127,111 72,743 99,927 115,478 60,022 87,750 11,608 8,221 9,914 2020/21 10,629 6,979 8,804 584,090 378,470 481,280 88,476 36,352 62,414 27,444 18,833 23,139 132,671 73,266 102,968 121,051 60,539 90,795 11,875 8,374 10,125 2021/22 10,917 7,086 9,001 637,276 417,973 527,624 91,833 36,324 64,078 28,815 20,104 24,459 138,045 73,961 106,003 126,462 61,244 93,853 12,125 8,515 10,320 2022/23 11,145 7,163 9,154 614,640 394,172 504,406 95,092 36,393 65,742 29,494 20,666 25,080 143,266 74,803 109,035 131,733 62,102 96,918 12,395 8,686 10,540 2023/24 60 3 32 52 -3 25 93 -26 34 54 8 31 87 -3 42 90 -10 40 47 3 25 variation % 2013/14 to 2023/24 Production Projections – Selected Regions - 2013/2014 to 2023/2024 Brazil – Regions 760 2,979 3,825 12,734 14,741 27,002 3,229 15,295 16,839 964 651 807 3,155 1,010 2,082 5,935 1,863 3,899 18,726 7,447 13,086 18,543 13,767 16,155 30,818 25,812 28,315 3,012 4,187 3,600 20,589 12,714 16,652 26,018 16,355 21,187 Source: AGE/Mapa and SGE/Embrapa lower limit Up limit RS lower limit Up limit RS lower limit Up limit PR lower limit Up limit RS lower limit Up limit PR lower limit Up limit MT lower limit Up limit BA lower limit Up limit PR lower limit Up limit MT 976 631 803 4,270 1,835 3,053 6,440 1,494 3,967 21,414 5,463 13,439 17,597 12,113 14,855 32,764 25,598 29,181 2,658 4,053 3,356 20,090 11,213 15,652 26,605 15,549 21,077 1,036 618 827 3,656 779 2,217 6,936 1,374 4,155 23,559 4,023 13,791 20,345 14,540 17,442 34,601 26,032 30,317 2,742 4,144 3,443 23,517 13,717 18,617 30,566 14,726 22,646 25,348 13,182 19,265 36,065 15,056 25,560 23,854 11,359 17,607 34,731 12,781 23,756 27,105 1,885 14,495 21,039 14,926 17,982 37,987 27,065 32,526 2,984 4,746 3,865 28,661 1,033 14,847 20,622 14,454 17,538 39,590 27,666 33,628 2,936 4,755 3,846 4,115 704 2,409 7,786 1,075 4,430 5,170 1,659 3,415 8,173 952 4,562 1,065 607 836 1,105 601 853 1,137 594 865 Grape - thousand tons 4,721 1,796 3,259 7,363 1,178 4,270 Wheat - thousand tons 25,422 2,864 14,143 19,480 13,588 16,534 36,336 26,524 31,430 3,045 4,583 3,814 Soybeans - thousand tons 23,249 12,077 17,663 30,360 13,271 21,815 1,170 590 880 4,513 616 2,564 8,554 870 4,712 30,120 279 15,199 22,334 15,997 19,166 41,155 28,305 34,730 3,125 4,998 4,061 26,567 12,817 19,692 39,089 14,018 26,553 1,201 587 894 5,565 1,608 3,586 8,915 787 4,851 31,502 - 15,551 21,865 15,441 18,653 42,687 28,975 35,831 3,235 5,242 4,239 25,965 11,522 18,743 38,976 13,022 25,999 1,232 584 908 4,894 586 2,740 9,269 724 4,996 32,822 - 15,904 23,299 16,790 20,045 44,195 29,671 36,933 3,225 5,326 4,276 28,531 13,422 20,976 42,992 14,317 28,655 1,262 583 922 5,941 1,569 3,755 9,610 665 5,137 34,089 - 16,256 23,037 16,475 19,756 45,681 30,388 38,035 3,311 5,466 4,388 27,466 11,838 19,652 42,019 12,613 27,316 62 66 -23 21 99 -47 26 151 -83 34 168 - 28 56 12 34 69 13 41 3 69 36 80 -23 28 150 -25 lower limit Up limit MG lower limit Up limit SP lower limit Up limit PR lower limit Up limit MT lower limit Up limit MG lower limit Up limit GO lower limit Up limit RS 1,325 5,046 658 280 953 859 1,114 Planted Area 2013/14 1,445 1,187 1,316 5,676 5,010 5,343 720 638 679 320 262 291 1,062 935 998 957 802 879 1,218 1,043 1,131 2014/15 1,489 1,125 1,307 5,573 4,702 5,137 777 625 701 342 260 301 1,155 923 1,039 1,040 773 907 1,283 980 1,132 2015/16 1,521 1,075 1,298 6,336 4,756 5,546 824 623 723 362 261 311 1,240 913 1,077 1,124 753 939 1,292 956 1,124 2016/17 2018/19 2019/20 1,327 958 1,143 1,350 958 1,154 6,925 4,894 5,910 905 630 767 397 267 332 1,394 902 1,148 1,283 734 1,009 6,851 4,773 5,812 942 637 789 413 271 342 1,465 902 1,184 1,358 732 1,045 1,546 1,031 1,289 1,568 992 1,280 1,586 955 1,271 Corn - thousand hectares 6,364 4,608 5,486 866 625 745 380 264 322 1,320 906 1,113 1,205 741 973 1,602 921 1,261 7,343 5,084 6,213 978 645 812 429 276 352 1,532 905 1,218 1,431 734 1,082 1,366 952 1,159 2020/21 Sugar Cane - thousand hectares 1,312 952 1,132 Rice - thousand hectares 2017/18 1,617 888 1,252 7,256 4,955 6,105 1,013 654 834 445 281 363 1,596 911 1,253 1,501 738 1,120 1,383 946 1,164 2021/22 1,630 857 1,243 7,743 5,260 6,501 1,047 665 856 460 286 373 1,658 918 1,288 1,569 746 1,157 1,397 944 1,170 2022/23 1,641 827 1,234 7,661 5,129 6,395 1,080 676 878 475 292 383 1,718 927 1,322 1,635 755 1,195 1,413 944 1,178 2023/24 24 -38 -7 52 2 27 64 3 33 69 4 37 80 -3 39 90 -12 39 27 -15 6 variation % 2013/14 to 2023/24 Projections of Planted Area – Selected Regions - 2013/2014 to 2023/2024 50 1,103 1,323 4,940 5,019 8,616 1,313 2,575 3,250 53 48 51 1,352 753 1,053 1,958 665 1,312 5,330 4,717 5,024 5,464 4,783 5,124 10,179 8,510 9,345 1,548 1,298 1,423 2,763 2,144 2,454 4,278 3,022 3,650 Source: AGE/Mapa and SGE/Embrapa lower limit Up limit RS lower limit Up limit RS lower limit Up limit PR lower limit Up limit RS lower limit Up limit PR lower limit Up limit MT lower limit Up limit BA lower limit Up limit PR lower limit Up limit MT 55 47 51 1,525 713 1,119 2,119 570 1,345 5,598 4,380 4,989 5,817 4,752 5,285 10,911 8,193 9,552 1,564 1,288 1,426 2,709 2,069 2,389 4,412 2,975 3,694 57 46 52 1,547 629 1,088 2,246 465 1,356 5,794 4,179 4,986 6,131 4,799 5,465 11,536 8,220 9,878 1,728 1,318 1,523 3,048 2,377 2,712 5,111 2,957 4,034 3,053 2,177 2,615 5,786 2,948 4,367 2,993 2,030 2,511 5,747 2,787 4,267 6,165 4,215 5,190 6,668 4,838 5,753 12,691 8,407 10,549 1,883 1,346 1,615 6,336 4,270 5,303 6,930 4,900 5,915 13,228 8,531 10,879 1,889 1,332 1,610 1,681 623 1,152 2,478 316 1,397 1,800 669 1,235 2,583 254 1,419 59 45 52 61 45 53 62 44 53 Grape - thousand hectares 1,665 707 1,186 2,370 392 1,381 Wheat - thousand hectares 5,978 4,155 5,067 6,413 4,824 5,619 12,133 8,307 10,220 1,737 1,303 1,520 Soybeans - thousand hectares 3,216 2,362 2,789 5,053 2,756 3,905 64 44 54 1,810 588 1,199 2,680 194 1,437 6,488 4,286 5,387 7,177 4,966 6,071 13,748 8,673 11,211 2,025 1,383 1,704 3,027 2,046 2,537 6,321 2,918 4,620 65 44 54 1,923 653 1,288 2,774 141 1,458 6,629 4,281 5,455 7,413 5,029 6,221 14,255 8,828 11,542 2,029 1,370 1,700 3,114 2,120 2,617 6,320 2,811 4,566 66 44 55 1,928 582 1,255 2,863 91 1,477 6,770 4,284 5,527 7,643 5,098 6,370 14,751 8,994 11,873 2,159 1,427 1,793 3,166 2,156 2,661 6,912 3,016 4,964 68 44 56 2,039 644 1,341 2,949 44 1,497 6,914 4,304 5,609 7,873 5,180 6,527 15,239 9,168 12,204 2,162 1,415 1,789 3,137 2,125 2,631 6,842 2,855 4,848 49 35 -13 11 85 -42 22 123 -97 13 40 -13 14 57 3 30 77 6 42 65 8 36 22 -17 2 111 -12 Note Note Information Center 0800 704 1995 www.agricultura.gov.br