Sydney, Australia December 28th, 2017 – Brazilian fertiliser developer Aguia Resources Limited (ASX: AGR, TSXV: AGRL) (“Aguia” or the “Company”) is pleased to provide an update to shareholders on the record breaking performance of the Brazilian agriculture sector in 2017.
In the second half of 2017, Brazil has emerged from a difficult two-year period of recession and the economy is projected to grow in 2018 and 2019. The agriculture and agribusiness sectors have been the biggest contributor to economic recovery, now representing 23.5% of GDP, the highest level in 17 years according to Brazilian farm lobby, National Confederation of Agriculture and Livestock (“CNA”). Job creation in agriculture and meat packing was the highest in 5 years and were the only segments of the economy to increase jobs.
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