Brazil increases pork exports by 23%
The quotations of both the animal and the meat follow an upward trend in most areas in Brazil, according to the Center for Advanced Studies on Applied Economics (Cepea). In the pig-independent market, the most intense valuations are observed in the southern regions of the country, while many markets in the southeast remain unchanged in prices. According to Cepea researchers, exports at a heated pace in October limited the availability of the protein in the domestic market and, consequently, raised domestic prices. According to a Secex report, in October, Brazil exported 77.4 thousand tonnes of pork, 1.8% above that observed in September and 23.7% more than in October 2019.
According to the European Commission lastest report on world pig meat prices (average prices per 100Kg carcase), Brazilian pig meat quotation has surpassed the EU average price by almost €30, reflecting both the continuous pressure put on the Brazilian pork and the effects of the ASF situation for the German swine sector who has lost access to several important markets in Asia.
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