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October 13, 2017

 

Brazil pork export earnings up 17.6% in Jan - Sep

 

 

Brazilian pork export revenues in the first nine months were 17.6% higher than in the same period last year, according to the Brazilian Association of Animal Proteins (ABPA). They totalled US$1.248 billion, compared with last year's $1.061 billion.

 

In terms of volume, Brazilian pork exported from January to September reached 530,800 tonnes, or 3.8% lower than the previous year's 551,900 tonnes.

 

In September alone, sales reached 61,000 tonnes, or 16.7% lower than September 2016's 73,000 tonnes (the highest monthly result ever recorded by Brazilian pork exporters).

 

September pork export earnings reached $139.9 million, a 16.7% decrease compared with the same month last year, with $168 million.

 

It will be remembered that Brazil's meat industry was hit by a scandal in mid-March after a two-year investigation by the police concluded that health inspectors had been bribed to certify meat no longer fit for consumption and that additives were used to mask problems in the produce.

 

As a result of the police disclosure, exports from at least 21 meat processors under investigation were stopped, and at least 63 people allegedly involved in the scandal were arrested. 

 

Several key markets for Brazilian pork (most notably China and Hong Kong) temporarily denied access to Brazilian meat products. 

 

While shipments to Brazil's top pork importer, Russia, increased 11.7% in January-September in terms of volume, exports to second-largest market for Brazilian pork, Hong Kong, decreased 10.8% year-on-year.

 

The top pork importer of Brazilian pork in the Americas, Argentina, registered a 48.7% hike in volume in the nine months through September.

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