Brazil

Pig prices are skyrocketing in Brazil

Pork

Low supply and increased demand have pushed the prices to record levels.

Posted on Jul 28 ,12:02

Pig prices are skyrocketing in Brazil

Reduced production and high demand for pork products in the domestic and external market have pushed pork prices in Brazil to record levels in July, according to the Center of Advanced Studies in Applied Economics (CEPEA). In Santa Catarina, the main source for animal protein in Brazil, the average price for pig meat rose by 40%, reaching $1.15 per kilo, the highest in the last 18 years.
Similar growth was seen in Parana, where the average price for a kilogram of pig meat reached $1.20, marking an increase of 42%. According to CEPEA, the commercial reopening in important consumer regions after the isolation measures forced by the coronavirus pandemic has caused local demand to increase recently, while exports remain strong, further limiting domestic supply.
In the first three weeks of July, Brazil has exported 53,200 tonnes of pork, an average of 4,100 tonnes per day, according to the Foreign Trade Secretariat. In the entire month of July 2019, exports were 61.5 thousand tons, with a daily average of 2.7 thousand tons. According to CEPEA, the prices of live pigs in the country reached the lowest levels of the year in April, the height of social isolation in Brazil, when the kilo was quoted at about $0.68 in the main markets.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

International

Global pork trade patterns are changing due to ASF in Germany

ASF in Germany is going to change the global pork trade patterns in the following months, believe...


Read more Read more
Iran

Iranian red meat production up by 41%

A total of 37,100 tonnes of red meat were produced in Iran during the last month, to register a 4...


Read more Read more
International

ABPA president expects Brazilian pork export to jump

The presence of African swine fever disease in wild boars in Germany has led to a ban on pork imp...


Read more Read more
Websolutions by Angular Software and SpiderClass