September 6, 2021

Brazil's pig production to rise by 2.8% this year

 
 
Brazil's pig production is expected increase by 2.8% in 2021 and by 1.8% in 2022.

The forecast is due to high export demand, especially from Asia, mainly due to the continued impact of African swine fever (ASF) outbreaks in China and Europe, leveling of production costs (including feed costs) from mid-2021 onwards, and due to growing substitution of beef for pork in Brazil.

The slaughter rate should increase 4% in 2021 and 2022 and, since this rate is higher than the growth rate of production, the total swine population should fall around 1% in 2021 and 3% in 2022.

Pork production should grow around 5% in 2021 and around 3.5% in 2022, reaching 4.47 million tonnes (CWE), reflecting continued strong exports to China, and improved domestic demand, and more stable feed costs in the second semester of 2021 onwards.

The increased demand from Asia for pork should cause Brazilian pork exports to increase around 7% in 2021 and 5% in 2022 due to high global demand and a devalued Brazilian currency.

- USDA