Brazil reports record exports of pork in Q1
Statistical data from Brazil shows that the country is heading for a record year in pork exports as shipments to Asia are increasing month by month. In the first quarter of the year, Brazilian pork exports have reached 224 tonnes, up 27% from the volume reported in the first three months of 2019. It is also the highest level of Q1 exports for the country on record. "Latest figures for March show exports were up 29% on the same month in 2019, totaling 77,400 tonnes. January and February volumes were up 35% and 19% year-on-year, respectively.
An almost three-fold increase in exports to China during Q1 (+63,700 tonnes) drove the overall rise. This follows a year of steep growth in shipments to the country amid protein shortages from ASF," commented Hannah Clarke, AHBD analyst. Shipments to Hong Kong, Japan and Vietnam were also higher on the year, although at a slower pace compared to that of China.
According to the Brazilian Association of Animal Protein (ABPA), pig meat exports from the country have not been overly affected by the outbreak of COVID-19 so far. Research from Rabobank confirms this, as Brazilian food production and trade have continued following the government decree that the work is essential. According to Rabobank, all pork processing facilities in the country are still operating, but there is some concern over grain availability for producers if haulage is affected.
The only concern about the pork exports to China is regarding China's refusal to allow any other Brazilian processor to enter the market until the COVID-19 crisis is over.
Meantime, the Chinese authorities have approved more Spanish plants for pork exports.
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