Pork imports have fallen 64% this year
20 April 2022
2 minute read
Brazilian pork exporters are grappling with a drop in volumes shipped to their main buyer, China, which has increased its pork meat production after an outbreak of African swine fever (ASF) in 2018, reported Reuters.
ASF forced China cull millions of hogs and increase imports.
China continued to be Brazil’s top pork buyer in March, but acquired 41.8% less than in the same month last year. The Chinese market was the destination of 34,100 tonnes, out of the total of 91,400 tonnes Brazil exported.
China’s pork imports from all sources fell by 64% in the first three months of 2022, compared to the same period last year, to 420,000 tonnes, according to data released by the country’s General Administration of Customs.
“China would at some point restore production,” said Ricardo Santin, president of Brazilian pork and poultry lobby group ABPA. “The government helped and they resumed production earlier than the world thought it would.”
China produced 15.61 million tonnes of pork in the first three months of 2022, up 14% from a year earlier. This marked the country’s biggest quarterly production in more than three years, according to Chinese government data.
Despite the drop in exports in March to China, the president of ABPA – a group that represents meatpackers such as JBS and BRF – said he saw a silver lining for Brazil’s prospects.
According to Santin, China’s first-quarter output data reflects higher production, but also a higher slaughtering of sows, a measure designed to save on high feed costs but that can affect the hog supply in future with fewer breeding animals.
IHS Markit analyst Aedson Pereira said China’s hog herd grew with massive government investment and use of some of the same production techniques as in Brazil.
“Chinese production has outgrown local demand,” he said. “Imports have fallen and along with them the global price of pork.”
China’s pork production recovers, Brazil exports suffer & More Brazil Latest News Update
China’s pork production recovers, Brazil exports suffer & More Brazil Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
China’s pork production recovers, Brazil exports suffer & More Brazil Trending News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information breaking news today of this news, you can get other types of news along with your country and city. You will be able to get information related to, as well as you will be able to get information about what is going on around you through us for free
so that you can make yourself a knowledgeable by getting complete information about your country and state and information about news. Whatever is being given through us, I have tried to bring it to you through other websites, which you may like
very much and if you like all this news, then definitely around you. Along with the people of India, keep sharing such news necessary to your loved ones, let all the news influence them and they can move forward two steps further.
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links