Brazil reduced pork exports by 14% in March - ABPA

Other Frozen Pork Cuts
Market & Price Trends
Published Apr 20, 2024

Tridge summary

In March, Brazil saw a 14% decline in pork export volumes compared to the previous year, with a total of 91.9 thousand tons and a 22.5% decrease in export revenue to $192.8 million. Despite this, the first quarter of the year marked a 5.3% increase in pork exports, reaching 289,400 tons, though net revenue dropped by 7.5%. Santa Catarina led in exports despite a 6.2% decrease. China, the main importer, reduced its purchases by 46.8%, while the Philippines increased theirs by 54.8%. The decline is linked to swine disease outbreaks, notably in China. However, ABPA officials are optimistic about the future, citing expansion into high-value markets like the United States, Canada, Japan, and the Philippines, and anticipate further growth in exports to the Philippines after recent accreditation of the Brazilian system by its authorities.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In March of this year, Brazil reduced pork export volumes by 14 percent from the same year, or to 91.9 thousand tons. IMIT reports this with reference to data from the Brazilian Association of Animal Protein Producers (ABPA). In exact figures, this is 15 thousand tons less. Export revenue also decreased - by 22.5 percent or from 248.9 to 192.8 million US dollars. However, in general, in the first quarter of this year, supplies of this meat increased by 5.3 percent year on year - from 274,800 to 289,400 tons. The net export figure, however, also decreased by 7.5% from last year, amounting to $597.7 million versus $646.3. The main exporting region was Santa Catarina with 53.9 thousand tons. However, this is 6.2 percent less year on year. With a large gap, Rio Grande do Sul and Paraná are in second and third place with 18.7 and 10.2 thousand tons (-27.8 and -31.6%, respectively). Of the specific importing countries of Brazilian pork, China is expected to lead, purchasing 19.3 ...
Source: Rosng
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