Increased pork production for Brazil
The Brazilian pork industry has grown by 4% during the first quarter of the year, totalling almost 1 million tonnes. The growth has been driven by increasing global prices and stronger domestic demand.
"Interestingly, average carcase weights were on average 1.3kg lighter than last year, at 87.7kg. However, an increase in slaughter has compensated for the lighter carcases. Q1 slaughter reached 11.3 million head, 5% more than last year", commented Felicity Rusk, AHDB Analyst.
Exports are up by 24% for the year to June thanks to increased demand for China and regained access in the Rusian pork market. 391,200 tonnes of pork have been exported, with 26,200 tonnes heading for Russia and 92,200 tonnes (+29%) shipped to China. "The pace of these shipments has particularly increased in recent months, with volumes trebling in June 2019, compared to last year.
Current expectations are that Brazilian pork production is going to increase by 5% in 2019. However, if the global pork deficit worsens, we may see a more rapid rate of production growth,", added the analyst.
According to official data, Brazilian pork exports to neighbouring countries such as Uruguay and Chile are also up by 17% and 45%, respectively.
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