Brazil looks for new markets for its pork products
Figures reported by Brazilian pork industry in the first half of 2018 show a desperate need to open new markets as the effective closure of the Russian market (40% of total pork exports in 2017; 250,000 tonnes of pork) is threatening the performance of the sector.
Until now, Brazilian pork exporters have managed to increase the exports in the Chinese market from 9% in 2017 to 30% this year and also to neighbouring countries: Argentina, Chile, Uruguay.
Pig meat production in Brazil in the first quarter of the year was 958,000 tonnes, 6% (+58,000 tonnes) higher than in the first quarter of 2017. Production is expected to have continued the upward trends observed in recent years in Q2, considering the fact that Brazil’s cost of production is typically the lowest among the major pig meat-producing nations, except the US.
"However, this competitive position will not necessarily translate into higher exports in the future, although it may impact the global price. The global market is well-supplied at the moment, and Brazilian exporters have so far struggled to diversify the number of international markets to which they have access. On the other hand, access has been granted to South Korea, which should help the situation if exports begin later in the year, and rising trade tensions elsewhere should also offer opportunities.
While the outlook may look more positive, Brazil may have to continue to look to its domestic market to support production levels for the time being", considers Duncan Wyatt, Lead Analyst for Agriculture and Horticulture Development Board (AHDB).
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