Sign in Subscribe
Economic development

Piaui Emerges as a Major Powerhouse in Brazilian Agribusiness

Strategic Insights

— 2 min read

Piaui, a state in northeastern Brazil, is rapidly transforming into a significant player in the country's agribusiness sector. According to the Brazilian Institute of Geography and Statistics (IBGE), in partnership with the Piaui Planning Secretariat (Seplan), the state projects the highest percentage increase in Gross Domestic Product (GDP) in the entire Northeast region. This remarkable growth is driven by substantial investments in various agribusiness ventures, generating new economic opportunities and employment for the local population.

Key Takeaways:

  • Investe Piaui, in partnership with the Vice-Presidency for Sustainable Rural Economic Development (VPDERS), is providing essential support to agribusiness ventures in Piaui, resulting in significant investments and job creation.
  • The state's strategy focuses on the verticalization of the production chain, integrating all stages of the process, from planting to market-ready products, to generate employment, income, and efficiency within the state.
  • Key investments include the Nutriza Poultry Slaughterhouse, Brasbio Corn Ethanol Plant, Piauhy Meat Factory, Atlantica Laying Farm, 3A Agro Cassava Starch, Laticinio Vale do Gurgueia, Nordeste BioEnergia Corn Ethanol Plant, and AgroFritzen Group Cotton Mill, totaling R$3.54 billion and 6,730 jobs.
  • Eight irrigation projects are also underway, with an investment of R$580 million and the generation of more than 900 jobs.
  • Icaro Carvalho, vice president of DERS at Investe Piaui, emphasizes the importance of technical and strategic support from Investe Piaui in making Piaui a safer and more attractive state for high-quality and high-scale production.

Statistics:

  • Piaui aims to become one of the largest grain producers in the Americas.
  • In 2022, the state projected the highest percentage increase in GDP in the entire Northeast region, according to the IBGE and Seplan's Regional Accounts and Piaui's Gross Domestic Product.
  • Investments in various agribusiness ventures total R$3.54 billion.
  • The construction of eight irrigation projects will generate over 900 jobs.
  • The state's focus on verticalization aims to generate employment, income, and efficiency within the state, while reducing dependence on other markets.
  • Key investments include:

+ Nutriza Poultry Slaughterhouse: R$2.1 billion, 4,500 jobs

+ Brasbio Corn Ethanol Plant: R$1.18 billion, 150 jobs

+ Piauhy Meat Factory: R$150 million, 500 jobs

+ Atlantica Laying Farm: R$48 million, 120 jobs

+ 3A Agro Cassava Starch: R$18 million, 50 jobs

+ Laticinio Vale do Gurgueia: R$234 million, 300 jobs

+ Nordeste BioEnergia Corn Ethanol Plant: R$843 million, 200 jobs

+ AgroFritzen Group Cotton Mill: R$70 million, 100 jobs

Sources:

  • Piaui Government (https://www.pi.gov.br/piaui-atua-rumo-a-lideranca-do-agronegocio-com-bilhoes-em-investimentos-e-foco-na-verticalizacao/)

Read more