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Brazil's pork exports total 91.9 thousand tons in March

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Published Apr 17, 2024

Tridge summary

In March, Brazilian pork exports, encompassing fresh and processed products, experienced a 14% decline from the previous year, totaling 91.9 thousand tons, as reported by the Brazilian Animal Protein Association (ABPA). This downturn also saw a 22.5% decrease in revenue, amounting to US$192.8 million. Despite this setback, the first quarter of the year marked a 5.3% increase in pork exports, reaching 289.4 thousand tons. China continues to be the primary market for Brazilian pork, although its imports have significantly decreased. The ABPA emphasizes the importance of diversifying markets and notes a rise in exports to high-value countries such as Japan, the United States, Canada, and the Philippines, the latter of which is expected to increase its imports following the recent accreditation of the Brazilian system by Philippine authorities.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazilian pork exports, including fresh and processed products, totalled 91.9 thousand tons in March, according to a recent market report from the Brazilian Animal Protein Association (ABPA). The number is 14% lower than the total shipped in the same period last year, with 106.9 thousand tons. In the same period, revenue generated by shipments totaled US$192.8 million, a balance 22.5% lower than the balance realized in March 2023, with US$248.9 million. In the quarter, pork exports totaled 289.4 thousand tons, a volume 5.3% higher than that recorded between January and March 2023, with 274.8 thousand tons. In the same comparative period, the balance of exports reached US$597.7 million, a number 7.5% lower than that recorded in the first three months of last year, with US$646.3 million. “Despite the specific decline in March, total shipments for the year remain at levels above those recorded in the same period last year. It is an important indication of the maintenance of positive ...
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