Brazilian pork exports increase, beef slides
Brazilian pork exports grew up by 43.5% in the first quarter of 2020 compared with the same period of last year. The results were supported by increased demand from China and Hong Kong, the main markets for Brazilian pork, says data released by ABPA.
Poultry exports have increased by 6.64% reaching 74,080 tonnes. The modest results come as the European markets are flooded with local products due to closure of the foodservice sector in most of the EU member states.
At the same time, the COVID-19 crisis has impacted beef exports in the first three months of the year, which dropped by 5.86% totaling 22,496 tonnes. However, multiple plant shutdowns in the US may increase Brazilian beef exports in this market, as the North American country is facing a meat shortage in the next few months. It may also help Brazilian beef exporters to increase their market share in several Asian countries due to the disruption appeared in the American supply chain.
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