Diversify Brazil's export markets for pork according to Cepea researcher

Published 2020년 12월 13일

Tridge summary

Brazil is set to see a record pork production of 4.4 million tonnes in 2021, with exports expected to reach 1.1 million tonnes, marking a 10% increase. However, a significant concern has been raised about the dependency on China and Hong Kong, which currently account for 70% of Brazilian pork exports. Cepea researcher, Juliana Ferraz, has stressed the importance of market diversification to mitigate risk. She also forecasts a decrease in pork prices at the beginning of 2021, followed by an increase due to high production costs.

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

Original content

Brazil needs to diversify fast its export markets for pork, warned Cepea researcher, Juliana Ferraz. For 2021, the South American country expects production to reach 4.4 million tonnes (+3.5%) and another record in exports of 1.1 million tonnes (+10%). However, the dependency on China and Hong Kong is seen as a risky situation by Juliana Ferraz. "China and Hong Kong account for 70% of Brazilian pork exports. We need to diversify the commercial partners since any problem with these markets would be devastating for sales in Brazil," she said in a recent assessment. Regarding prices, the Cepea researcher believes that the beginning of 2021 will have lower prices, following a typical movement at the beginning of the year, a scenario that should change over the course of the season. “Protein ...

Source: EuroMeat