Pork exports from Brazil reached 93 thousand tons in January

Directly converted, the price per ton was BRL 10,204.24. This is the lowest level since February 2020. The industry's profitability is under pressure, and this factor is affecting domestic sales of live pigs. it is also worth considering that Brazilian production continues to grow this year, which is also a bad factor for domestic prices. In addition to the large influx into the foreign market, which should occur with pressure on prices , there is a need to outpace domestic consumption. Variables worth considering at this stage include income levels and the development of markets for competing animal proteins.

CHINA bears the main responsibility for the decline in per tonne prices as it acts cautiously from a procurement perspective. In January, Brazil exported 23,109 thousand tons of pork to China, the worst figure since February 2022. On the other hand, Brazil managed to increase sales to other destinations such as the Philippines, Japan , Singapore, Chile. As mentioned earlier, Brazil is strengthening its position in the global market and mainly in comparison with the European Union due to its attractive prices.