Brazil slows pork production growth, but export boom continues

Published 2024년 12월 6일

Tridge summary

Brazil, the world's fourth-largest pork producer, has experienced a slowdown in production growth, with the USDA revising its forecast for 2024 from 3% to 1%. Despite this, pork exports have seen a 5% increase to 1.05 million tons from January to September 2024, making it the largest amount ever exported by Brazil. The main export destinations are China, the Philippines, Chile, Hong Kong, Japan, and Singapore. Brazil's price competitiveness, especially in Asian markets, is expected to continue benefiting its pork industry until the end of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World’s fourth largest pork producer Brazil is the world’s fourth largest pork producer, after China, the European Union and the United States. According to the UK’s Agriculture and Horticulture Promotion Board (AHDB), Brazilian pork production has seen strong growth in recent years, following significant investment in pork production and growing domestic and global demand. However, pork production growth has slowed this year compared to last. The US Department of Agriculture (USDA) has revised its production growth forecast for 2024 from 3% to 1%. A further 1% increase is predicted for 2025, to 4.55 million tonnes. Export boom continues Brazil’s pork exports continue to see a growth trend. Total pork exports, including by-products, rose by 5%. (53,000 tons) to 1.05 million tons from January to September 2024 compared to the previous year. This is the largest amount of pork ever exported by Brazil. Brazil’s top pork export destinations are China, the Philippines, Chile, Hong Kong, ...

Source: Farmer.pl