Brazil to remain world's largest beef and poultry exporter

Brazil’s pork production is forecast to increase 4 percent to 4.6 million tonnes as producers continue to benefit from lower production costs. Brazil’s production is also expected to be supported by improving domestic demand and robust export demand, as Brazil remains the lowest-cost supplier. Brazilian pork supplies in 2024 are 5 percent higher than the previous year, with particularly strong competitiveness in the Philippines, Chile and Hong Kong.

Brazil’s production is forecast to increase 1 percent to 15.1 million tonnes. This record high is based on strong external demand, improving domestic economics, and lower production costs. While corn and soybean prices remain high, lower expected feed prices in 2024 will support production growth in many countries. Brazil is expected to remain the world’s largest exporter at nearly 5.0 million tonnes. With strong shipment growth of 4 percent, exports will account for a record third of Brazil’s production. Brazil’s commercial mills remain HPAI-free, allowing shipments to pass through trade restrictions unimpeded. By continuing to focus on halal markets and increasing product diversity, Brazil will be able to make gains in a wide range of markets.