News

Brazil's lowest pork exports since February 2023

Other Fresh Pork Cuts
Meat
Brazil
Market & Price Trends
Published Apr 16, 2024

Tridge summary

In March 2024, Brazil experienced a decline in its exports of fresh and processed products, with a total of 90.7 thousand tons, marking a 6.3% decrease from February 2024 and a 14.3% fall from March 2023, primarily due to reduced demand from key Asian markets such as China, Hong Kong, and Singapore. Despite this monthly and yearly decline, the first quarter of 2024 saw a 5.3% increase in total export volume compared to the previous year, reaching 286 thousand tons and setting a new record since 1997. However, revenue for March 2024 dropped to R$ 953.2 million, a 6% decrease from the previous month and a significant 25.9% decrease from March 2023, with the quarterly revenue also experiencing an 11.8% year-on-year decline to R$ 2.9 billion.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Secex data compiled and analyzed by Cepea, 90.7 thousand tons were exported (fresh and processed products), a decrease of 6.3% compared to February 2024 and 14.3% compared to March 2024. 2023. According to Cepea researchers, the decline in exported volume is due to lower demand from Brazil's important partners in Asia, such as China, Hong Kong and Singapore. Even so, in the first quarter of 2024, the total flow totaled 286 thousand tons, 5.3% above the value of the first three months of last year and a record for the period, considering the Secex historical series, which began in 1997. . As for revenue, the amount collected in March this year, of R$ 953.2 million, was 6% below that recorded ...
Source: 3tres3
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