Corn’s VBP should grow 14.52% to $ 2.7 bn

The Gross Production Value (VBP) of maize from Mato Grosso is expected to reach R$ 13.48 billion ($ 2.7 billion) in 2020. The value, if confirmed, will represent an increase of 14.52% in relation to the previous year. “This increase in the estimate is mainly due to the better price levels and expectations of an increase in the area cultivated with cereal,” Imea said in a bulletin.

Source: Agencia Estado