January 16, 2024

Brazil's pork consumption to rise by 2.8% this year

Brazil's pork consumption in 2024 could grow by 2.8% compared to 2023, according to calculations by Cepea.

As for the country's pork exports, performance seen last year is expected to be sustained in 2024.

To meet domestic and foreign demand for fresh and processed pork products, projections made by Cepea indicated a 3.3% increase in the number of animals slaughtered from 2023 to 2024, which could total 59.1 million head.

Brazilian pig farmers can look forward to slightly better profitability than that observed between 2018 and 2022, especially as a result of the recent devaluations of corn and soybean meal.

- CEPEA