JBS opens 11 new export markets
JBS expanded exports in 2020 to 11 new countries through its subsidiaries in Brazil: Seara and Friboi. The new markets are Indonesia, Liberia, Antigua and Barbuda, Senegal, Mauritius, Kazakhstan, Trinidad and Tobago, Uzbekistan, Nigeria, Vietnam and Ethiopia. In a note, the company states that it exported a mix of beef and chicken protein products, with emphasis on a relevant growth in swine protein.
Indonesia is one of the countries that led the import, surpassing 1,600 tons this year. With the new markets, JBS already exceeds the export mark for more than 150 countries in the world. JBS is the second-largest food company in the world and the largest in animal protein.
Recently, Cepea researcher, Juliana Ferraz warned Brazilian meat producers about the need to diversify their export markets as demand from China, at least for pork, will slow down. "China and Hong Kong account for 70% of Brazilian pork exports. We need to diversify the commercial partners since any problem with these markets would be devastating for sales in Brazil," she said in a recent assessment. Regarding prices, the Cepea researcher believes that the beginning of 2021 will have lower prices, following a typical movement at the beginning of the year, a scenario that should change over the course of the season. “Protein prices have this seasonal decline, but I expect a recovery in the values of the animals, not least because the production costs tend to remain high”, she points out.