Market analyst foresees a global demand for firm meat and with growing prices

Published 2023년 3월 15일

Tridge summary

International markets analyst, Víctor Tonelli, discussed the potential impact of Brazil's temporary exit from the Chinese market with Valor Agro. He predicted a stable recovery in the international bovine meat market, with expectations for increased demand for red protein in the next two semesters. However, a decrease in supply is anticipated due to droughts in Mercosur, EU self-supply issues, and reduced production in the United States. Despite these challenges, Tonelli foresees a steady price recovery for meat and farm prices in Mercosur, without the extreme fluctuations of the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The international markets analyst, Víctor Tonelli, told Valor Agro that the temporary exit of Brazil in China "will not have a major impact on the markets" and estimates that the return of exports will be before the end of March. In addition, he indicated that coming out of the situations experienced in the last three years, the international bovine meat market is beginning to walk with more stability and the next two semesters are very positive for the demand for red protein. “For the current semester, a balance is expected between a demand that is beginning to recover from a lousy second semester of 2022 and an offer that is still going to meet expectations. However, for the second half of the year the sharp drop in supply will make meat availability short," he explained. Among the factors that will impact a lower supply, he referred to the droughts that have affected the productive regions of Mercosur, the lower supply and impossibility of self-supply in the European Union, and ...
Source: Elagro

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