Brazil: IBGE data indicate a reduction in the pace of growth in pork production

Published 2022년 11월 18일

Tridge summary

The Brazilian Institute for Geography and Statistics (IBGE) reports a 3.76% increase in hog slaughter in the third quarter of 2022 compared to the same period in 2021, indicating a slowdown in production growth. The country's pork carcasses production is projected to reach 5.17 million tons in 2022, a 5.59% increase from 2021. Poultry slaughter remained stable, while cattle slaughter resumed growth, leading to an increase in the domestic supply of beef. Pork exports to China, which accounted for 41.23% of total shipments in 2022, experienced a reduction in sows, resulting in higher prices and greater imports. Despite higher foreign prices and the first shipment data for November, it is expected that export volumes will be similar to last year, recovering the current deficit. The increase in production has led to a significant increase in domestic availability, limiting the increase in prices paid to Brazilian producers.

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Original content

On the 11th, the IBGE published preliminary slaughter data for the third quarter of the year (table 1); in this period, hog slaughter grew 3.76% in tons of carcasses (+48 thousand tons) compared to the same period last year, and only 1.45% (+19 thousand tons) compared to the second quarter of 2022, evidencing the slowdown in the pace of production growth. Year-to-date (January to September/22) growth was 5.7% (+209.1 thousand tons) compared to the first 9 months of 2021. Table 1. Cattle, poultry and pork slaughter in the third quarter of 2022, accumulated from January to September and projection for the end of 2022, compared to the same periods last year, in tons of carcasses and in thousand head. * preliminary figures for the 3rd quarter of 2022, published on 11/11/22 ** projection for 2022 on the average of January and September/22 Prepared by Iuri P. Machado, with data from IBGE. Maintaining the averages of the 3 quarters, the year 2022 should end with the production of 5.17 ...

Source: NoticiasAgricolas