Brazil agribusiness output down again in August over same month in 2020

After almost a year of positive variations, the Brazilian Agribusiness Production Index (PIMAgro) as calculated by the Center for Agribusiness Studies of the Getúlio Vargas Foundation (FGV Agro) fell in August for the second consecutive month.

RIO DE JANEIRO, BRAZIL - The drop reached 3.2% when compared to the same month in 2020, taking into account seasonal adjustments, and 0.4% over July. Nevertheless, the indicator accumulated a positive variation of 3.8% in the first 8 months of 2021 and should close the year with an increase over 2020.

"The gap in relation to the pre-pandemic month has been increasing. That is, agribusiness output in July 2021 was 4.7% lower than in February 2020; in August, the difference reached 5.1%," reported FGV Agro.

PIMAgro is based on data from IBGE's Monthly . . .

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