Pork exports evolve in prices in early February and should favor the Brazilian pork chain, says analyst

Published Feb 13, 2023

Tridge summary

Brazil's exports of fresh, frozen pork meat have seen a significant increase in revenue, reaching 47.16% of the total from February last year, despite a slight decrease in volume. The average price per ton of protein has also risen by 15.2%, showing that the pork ton is in high demand abroad. However, there was a slight decrease in the number of tons and revenue per daily average compared to the previous week. Overall, the increase in revenue per ton is a positive sign for the Brazilian pork industry, which is expected to see profitability in the second semester.

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

Original content

According to information from the Foreign Trade Secretariat (Secex) of the Federal Government, released this Monday (13), exports of fresh, frozen pork meat in the eight working days of February reached more than 47% of the total collected throughout the February of last year.According to SAFRAS & Mercado analyst Fernando Henrique Iglesias, the big news in the result of Brazilian exports is basically the rise in average prices paid for protein. "This is excellent for the sector, showing that the ton of pork is on the rise abroad, revenue has also advanced. So more than volume, at this moment, it is important to have revenue now, because this will help the average profitability of the sector . It's no use having expressive sales with anemic revenues, because the difficulties continue, since costs are very high. This is one of the keys for the Brazilian pork industry to recover, and here at SAFRAS & Mercado we have the expectation of a second semester bring some profitability to the ...

Source: NoticiasAgricolas