Paraguay expects pig farming to recover in 2024

Published Mar 13, 2023

Tridge summary

The Paraguayan Association of Pork Producers (APPC) believes that the pork sector will start recovering only next year, with this year being a transition period. Out of the 120 farms that formalized in 2022, 35% have shut down due to the crisis, 45% have reduced their herd size, while 20% are still in production. Despite these challenges, efforts are being made to reopen farms that have ceased operations. The industry is dealing with over demand due to fewer producers, but is securing new credits to survive. Large companies are also receiving financial support to stabilize. The APPC believes that the recent pork price increase, as reported in the Paraguayan Central Bank's inflation report in February, is due to the closure of many farms rather than exports to the Asian market.

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

Original content

The Paraguayan Association of Pork Producers (APPC) explained that a recovery in the sector can only occur next year, as they consider that these twelve months will be a transition period. Of the 120 farms formalized in 2022, 35% closed with the crisis, 45% reduced the productive herd and only 20% are still on the production route, according to Jorge Ramírez, head of the union, who spoke on the subject with La Nación/ Middle Nation. Despite the negative numbers, the industry is working to reopen farms that had to stop their participation in the sector. Ramírez predicts that the situation will remain in conditions of over demand because there are fewer producers, but they are managing new credits to overcome the sector of small and medium producers. In addition, large companies are also receiving a financial injection to stabilize themselves. The increase in pork prices was seen in the Paraguayan Central Bank's inflation report in February, coinciding with the first shipment to the ...

Source: Suinoculturaindustrial