Brazilian pig exports once again posted excellent results in October

Published 2024년 12월 3일

Tridge summary

In October, Brazil achieved its second-best and highest pork export record ever, shipping 127.4 thousand tons with a total revenue of USD 310 mln, an increase of 39.94% from the previous year. The average price per ton also reached a record high of USD 2,433.22. The Philippines was the largest importer, followed by China and Japan. From January to October 2024, Brazil's pork exports increased by 8.92% compared to the same period in the previous year, reaching 1.077 mln tons and a revenue of USD 2.442 bln.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In October, Brazil exported 127.4 thousand tons of pork (fresh + processed), the second-best result of the year and in history. Compared to the 91.0 thousand tons registered in October/23, this represents a growth of 39.94%. The average price per ton continues to rise, closing the month at USD 2,433.22, the highest level in 2024. In direct conversion, the ton hit BRL 13,683.25, reaching the peak of recent years. Another positive point is the total revenue for the month, which reached USD 310 mln, also the year’s best result. Shipments from Brazil tend to remain strong over the next few months, considering the competitive price and quality of the Brazilian product. Therefore, domestic availability should remain tight, which helps in setting prices in the interior of the country. It is worth noting that Brazilian production is balanced, contributing to the current situation of Brazilian pig farming. Strong exports require meatpacking plants to actively purchase live pigs, finding an ...

Source: UkrAgroConsult