Brazilian pork exports grow 4.7% in August

Published Sep 12, 2024

Tridge summary

In August 2024, Brazil's pork exports reached 118.1 thousand tons, marking a 4.7% increase from the previous year and the second largest monthly volume on record. The exports generated $276.3 million, a 9.1% increase from August 2023. From January to August 2024, Brazil's pork exports totaled 870.2 thousand tons, a 7.7% increase from the same period in 2023. The Philippines, China, Chile, Hong Kong, and Japan were the main destinations for Brazilian pork. Santa Catarina remained the leading pork exporter among Brazilian states, while Rio Grande do Sul saw a significant increase. The growth in exports to new markets, such as the Philippines and Chile, and the reduction in exports by the European Union are highlighted.

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

Original content

Brazil's pork exports, including both fresh and processed products, reached 118.1 thousand tons in August 2024, according to data from the Brazilian Animal Protein Association (ABPA). The result represents a growth of 4.7% compared to the same month in 2023, when 112.8 thousand tons were shipped. This is the second largest monthly volume recorded by the sector. In terms of revenue, the increase was even more significant. Exports in August generated US$ 276.3 million, an increase of 9.1% compared to the US$ 253.1 million recorded in the same period last year. In reais, revenue reached R$ 1.534 billion, which represents an increase of 23.4% compared to the R$ 1.241 billion in August 2023, marking a historic record for the month. From January to August, Brazilian pork exports totaled 870.2 thousand tons, 7.7% more than in the same period in 2023, when 807.2 thousand tons were exported. However, in terms of revenue in dollars, there was a slight drop of 1.6%, with US$ 1.885 billion ...

Source: Portal Do Agronegocio