Brazil: CONAB shows that pork exports remain high and surplus should go to the foreign market

Published 2021년 6월 1일

Tridge summary

A recent study by AgroConab reveals a downturn in domestic pork prices due to decreased demand, despite a 40% surge in Chinese pork exports in the first four months of 2021. This increase is also observed in Chile, Argentina, and the Philippines. The value of the arroba, a measurement used in Brazil, has seen a significant rise of over 50% since April 2020, mirroring pandemic uncertainties and higher production costs. Conversely, chicken meat prices have risen due to increased demand and exports, with challenges in passing on production cost increases to retailers. Additionally, the report forecasts an expected growth in the housing for chicks in 2021, driven by heightened consumption and exports. AgroConab provides a comprehensive analysis of the market dynamics, prices, and short to medium-term outlooks for various crops and grains.

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

Original content

According to the study, pork prices on the domestic market have been falling in recent months, typical of the current period in which domestic demand is decreasing. Exports continue well heated, with strong Chinese demand, which increased 40% in volume in the first four months of 2021, compared to the same period in 2020. Chile, Argentina and the Philippines also significantly increased their imports, indicating that sales to the market reach 100,000 tonnes in the month. According to AgroConab, the value of the arroba has appreciated by more than 50% since April 2020, reflecting the uncertainties of the pandemic, increased production costs and a lower supply of animals for slaughter. Exports are also already 2% above the volume observed in the same period in 2020, with China being the largest importer, which increased the quantity purchased by 22%. Highlight for the USA and Philippines, which also significantly increased imports. The suspension of Argentine exports may direct part ...

Source: Portal Do Agronegocio