Pork prices in Brazil should not be affected by embargo on beef exports to China

A possible drop in beef prices, as a result of the embargo on exports to China, should not affect pork prices, according to the Meat and Derivatives Industry Union in the State of Paraná (Sindicarne-PR). In a note, the entity states that these markets are “cool”. “After living for a long time with low prices and a drop in consumption, the pork sector is experiencing a moment of stability in the prices of its main inputs and is preparing to meet an increase in Chinese purchases”, he says. There are fears in the sector that the embargo on beef exports could lead to an increase in the supply of protein in the domestic market, which could result in adjustments in the prices of competing products. rising prices Sindicarne-PR points out that pork prices are on the rise in the domestic and foreign markets. "It's time to take advantage of this moment to recover the losses accumulated in the several months in which the sector suffered negative margins", he points out. According to the ...