According to the data released by the Brazilian animal protein association (ABPA), Brazil’s pork export in 2020 will reach 1.021 million tons, up 36.1% year on year, and the total export will reach US $2.27 billion, up 42.2% year on year. According to ABPA, the country’s pork export is expected to maintain a strong export momentum in 2021.
The record growth of Brazil’s pork exports is mainly due to two reasons. First, as the world’s largest consumer of pork, China has imported large-scale Brazilian pork, becoming an important buyer of the country’s pork products. Second, the appreciation of the US dollar against the Brazilian real has also made local exports more competitive.
However, the report points out that due to the weakening impact of African swine plague on China and the increase of export costs under the new epidemic situation, Brazil’s exports in 2021 will face some difficulties.
At present, in addition to Brazil, the United States is also becoming a major supplier of pork to China. Previously, Zhu zengyong of Beijing Institute of animal husbandry and veterinary medicine, Chinese Academy of Agricultural Sciences, said that China will become the largest pork export destination of the United States in 2020 – the amount of pork imported from the United States accounts for about 30% of the total exports of the United States.
Data show that in November 2020, China imported 326109.26 tons of pork, up 41.97% year on year. In addition to ensuring the supply of imported pork, China has been committed to restoring the number of domestic pigs. According to the data, in November 2020, the production capacity of live pigs in China will continue to recover, with a year-on-year increase of 66.1%. China’s Ministry of agriculture and rural areas predicts that by the first half of 2021, the number of live pigs in China will fully recover.
So, when can domestic pork prices fall? Chen Guanghua, deputy director of the Bureau of animal husbandry and veterinary medicine, said that during the new year’s day and Spring Festival in 2021, the supply of domestic pork will increase by about 30% year-on-year, and the price will generally be lower than that of the same period last year, and there will be no sharp rise in the price. Considering the continuous recovery of pig production capacity, pork is expected to return to the normal price in the second half of this year.
article links：Brazil's pork exports soared by more than 1 million tons
Reprint indicated source：Spark Global Limited information