Brazilian live pork price plummets by Brasil Assuntos do Momento

Published Nov 1, 2021

Tridge summary

Live pork prices in Brazil have been hitting record lows, with significant decreases observed across various states, including São Paulo, Federal District, Minas Gerais, Santa Catarina, and Paraná, for the past few weeks. This downturn is primarily due to an oversupply of piglets and stagnant demand, worsened by China's ban on Brazilian beef, leading to increased competition in the swine market. Factors such as the end-of-month financial constraints and the ongoing economic crisis in Brazil further exacerbate the situation. In October, the price of live pigs in São Paulo fell by 11.11%, from R$ 7.73 to R$ 6.40, mirroring similar declines in other states, highlighting the growing challenges within Brazil's pork market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As already expected by many analysts, the last week of October was very bad for live pork prices in the domestic market, with new falls, and this time, in all important markets in Brazil. Specialists are concerned about the excess supply of piglets at the same time that demand is not growing, exactly at a time when the market is starting to prepare for the end-of-year festivities. China's veto of Brazilian beef surprised everyone and is already beginning to affect the swine segment, which sees unexpected competition in the domestic market, if the ban on Asians persists. The fact that we are at the end of the month, a time when a considerable part of the population needs to hold on to expenses, also contributes to the scenario. But the most important point continues to be the crisis that makes millions of Brazilians remain excluded from consumption. In São Paulo, which last week had been one of the few states not to register a drop in the price of live pigs, in the latter, it saw a ...

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