Pork meat: 'Brazil must diversify export destinations in order to not depend on Asia'

Published 2020년 12월 9일

Tridge summary

The Brazilian Association of Animal Protein (ABPA) projects a 3.5% increase in pork meat production in Brazil in 2021, reaching 4.4 million tons. Exports are expected to grow by 10% in the same year, with 1.1 million tons expected to be exported. However, there is concern about Brazil's heavy reliance on the Asian market, with China and Hong Kong accounting for 70% of Brazilian pork imports. Experts suggest diversifying marketing partners to avoid a significant drop in sales in case of any issues with the Asian market. Prices are predicted to be lower at the start of 2021, but they are expected to rise over the course of the year due to high production costs.

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

Original content

The production of pork meat should reach 4 million and 400 thousand tons in 2021, according to the projection of the Brazilian Association of Animal Protein (ABPA). The number is 3.5% higher than the production expected for 2020. In the same interval, the expected increase for exports in 2021 may reach 10%, with 1 million and 100 thousand tons expected. In the evaluation of Cepea researcher, Juliana Ferraz, Brazil meets all the conditions to comply with the data projected by ABPA. However, the researcher draws attention to Brazil's dependence on the Asian market. “China and Hong Kong represent 70% of Brazilian pork imports. We need to diversify the commercial partners, because any problem with this market would be devastating for sales in Brazil ”, he says. According to Juliana, the concern with expanding markets is necessary, since China is already putting in place a plan to increase its stock, which was extremely affected by the outbreak of African Swine Plague. Regarding ...

Source: CanalRural