Brazil

Brazil: Pork production could break the 5 million tons barrier this year

Pork

After facing one of the most severe crises in its history, pig farming in Brazil is entering a recovery phase, with slightly more positive prospects for this year.

Posted on Jul 31 ,00:05

Brazil: Pork production could break the 5 million tons barrier this year

According to the president of the Brazilian Association of Animal Protein (ABPA), Ricardo Santin, pork producers and agroindustries across the country have experienced a period of intense challenges over the last three years, in the face of the adversities generated by high production costs and the global pandemic. In this context, cases of companies and pig farmers operating at a loss were not uncommon, however, maintaining the production flow.

"The producer was resilient in his activity and helped to preserve the food supply and the supply of Brazilian families. After a challenging period, we see a more positive picture, with perspectives for advances in the domestic and international scenario", he analyzes.

The numbers back up this slightly more optimistic outlook. According to ABPA, pork production should break the 5 million tons barrier for the first time in history. In the international market, a new record is expected, close to 1.2 million tons shipped to more than 90 destinations that import the Brazilian product.

These projections are based on the behavior of the sector presented so far, explains Santin. According to ABPA surveys, Brazilian pork exports are already 15.6% higher this year, with around 590 tons exported in the first half of 2023.

As well as exports, Brazilian per capita consumption should also show growth in relation to the 18 kilos registered in 2022, according to the initial ABPA projections.

"Brazil has taken the space of other major international players, such as the European Union, reinforcing our country's role in global food security. In this context, we finally have a breath with a gradual retraction in the prices of corn and soybean meal, which is an encouragement compared to the accumulated increases of more than 150%, registered between 2020 and 2022. The increases in other inputs such as diesel, energy, plastic and cardboard still persist. However, there is a positive perspective and producers and agroindustries are currently experiencing a moment of balance in their accounts", analyzes Santin.

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