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September 15, 2016

 

Brazil pork exports grow 42% yoy

 

 

Brazil's pork exports from January to July 2016 rose 42.2% year-on-year in volume.

 

In value terms, the exports have risen 25.8% year-on-year to BRL2.72 billion (US$829m), although in terms of US dollar values, due to currency shifts, the increase was 6.2%.

 

The Brazilian Protein Association (ABPA) said that, from January to July this year, 413,300 tonnes had been exported, including frozen and processed meat.

 

Pigmeat producers are in a difficult time, notwithstanding their export success, as they cope with increasing feed prices. July was a particularly bad month for Brazil because of drought and excess rain damaging crops, coupled with labour disputes in Brazilian ports. The ministry of agriculture, livestock and supply had reported that inclement weather had reduced overall crop output by 2.5% in 2016 year-on-year, mainly for soybean and corn.

 

Despite this, the ministry forecasts that Brazilian pigmeat production should increase 2.7% per year on average over the next decade, with prices among the highest for Brazilian meat segments. Healthy production should allow the industry to meet both domestic and export demand.

 

Brazil's key markets for exported pigmeat are currently Russia, Hong Kong and Singapore. However, new developments are modifying the market shares, according to Ricardo Santin, ABPA vice-president.

 

"For years, Russia has been responsible for half of our exports. But now, while Russia is buying more, it is only responsible for a third of purchases. China and Hong Kong have increased their pigmeat imports, along with other markets in Asia and South America, such as Chile, Argentina, Uruguay and Singapore as well. Nowadays, the Brazilian pigmeat sector feels less dependent on sales to eastern Europe," he told GlobalMeatNews.

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