Flavio Maluf take on Decline of Agricultural GDP

Flavio Maluf was born into a wealthy family. He acquired a mechanical engineering degree from Armando AlvaresPenteado Foundation. Flavio Maluf had a passion for becoming an entrepreneur forcing him to pursue business. He used his skills and hard work to create more wealth in the family business.

IBGE (the Brazilian Institute of Geography and Statistics) has stated that in the first quarter of this year, the agricultural sector has grown by 0.4% in comparison to the last quarter of 2017. Flavio Maluf states that the beginning of 2018 is not as good as that of 2017. He further states that between January and March this year, GDP of livestock and agriculture dropped by 2.6% compared to the same period 2017. Follow Flavio Maluf at estadao.com

Flavio Maluf also stated that another factor that affected the GDP between April and June was the truck drivers’ demonstration that lasted for about ten days. The pace of plants harvesting in Center-South had to be slowed down or stopped affecting production in the duration that truck drivers were not in operation. Flavio Maluf further states that sugarcane harvested between the months of April and June amount to 19% and when added to that of maize being harvested at the same period, the share rises to 33%. Therefore, lack of circulation of this products during this period affected the traders, producers, and feed production.

The strike of the truck drivers not only affected corn circulation but also animal production leading to reduced meat production. The problem also trickled down to the coffee chain because in the second quarter the harvest will have reached 61%. There was a delay in the raw materials in the coffee segment reducing the amount of products exporters bring to the port. These factors will greatly influence the GDP. Flavio Maluf further claims that soybeans performance was impressive in the first quarter of 2018.

Websites: https://flaviomalufoficial.com/