Higher end-of-year demand raises pork prices in Brazil

Published 2022년 12월 20일

Tridge summary

Pork prices in Brazil are experiencing a surge due to the holiday season, with the highest increase seen in Santa Catarina at 4.62%, resulting in a kilo costing R$ 6.79. Other states like Minas Gerais, Paraná, São Paulo, and Rio Grande do Sul also reported price increases. The special carcass in the São Paulo wholesale market saw a 4.32% appreciation. However, pork consumer prices varied, with Goiânia showing a 2.57% decrease. From January to November 2022, pork exports volume decreased by 2.8% compared to the same period in 2021, totaling 1.017 million tons, despite generating US$ 2.319 billion, which is 5.3% less than the previous year.

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

Original content

The demand for pork is greater with the proximity of the end of year festivities, which has helped to sustain prices. The information is from the Center for Advanced Studies in Applied Economics (Cepea). According to the researchers, quotations accumulate highs in all evaluated markets. This month, until Wednesday (12/14), the highest appreciation in live pigs, of 4.62% was registered in Santa Catarina, with the product reaching R$ 6.79 per kilo. However, the highest value was registered in Minas Gerais, of R$ 7.56 per kilo (on 12/14), an increase of 4.13% in the partial month. In Paraná, live pigs accumulate a high of 3.84%, worth R$ 6.76 a kilo on Wednesday (12/14). In São Paulo, appreciation of 4.02%, with the Cepea reference quoted at R$ 7.51 per kilo. And in Rio Grande do Sul, the smallest accumulated variation in the month was registered, of 1.5%, with a kilo worth R$ 6.75 to the producer. In the wholesale market of the metropolitan region of São Paulo, base for the Cepea ...

Source: Portal Do Agronegocio