Far East Absorbs all the Pork Brazil can Produce

RIO DE JANEIRO, BRAZIL –  According to the Brazilian Association of Animal Protein, (ABPA), in July, Brazilian pork exports (both fresh and processed) totaled 100,400 tons – 47.9 percent higher than in the same period of 2019, with 67,900 thousand tons. In revenue terms, the total balance of July reached US$203.1 million, a figure 37.3 percent higher than that registered in July last year, at US$147.9 million.

The cumulative total for the year so far shows that the sector’s sales grew 38.78 percent, with 579,900 tons exported between January and July this year, compared to 417,800 tons exported in the same period of 2019. In foreign exchange revenue, there was a 49.9% increase, reaching US$1.279 billion, compared to US$853.5 million in the first seven months of last year.

Sector shipments continue to be driven by Asian demand. There was an 82.9 percent increase in sales to the region in the first seven months of this year compared to 2019 levels, with 456,000 tons exported this year (equivalent to 78.6 percent of total exports by the sector).

In China alone – which continues to face problems in its domestic production due to the African swine flu – 282,100 tons of pork was imported, which is 143 percent higher than that achieved in the same period of 2019. Other prominent importers in the Asia region were Hong Kong which imported 107,700 tons (+17 percent), Singapore 32,900 tons (+ 49 percent), and Vietnam 16,900 tons (+ 90 percent).

Source: MercoPress