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Brazil: increase of nearly one percent in pork production in 2015

USDA forecasts an increase of nearly one percent in Brazilian pork production in 2015.

Monday 16 March 2015 (3 years 4 months 7 days ago)

USDA's forecasts an increase of nearly one percent in pork production in 2015, at 3.3 million metric tons (MT/CWE). This forecast reflects the current optimism of the pork industry with a rebound in the export markets and a marginal increase in domestic demand.

Post forecasts a marginal increase in domestic consumption of pork, at 2.7 million metric tons (MT/CWE), as Brazilian consumers will likely remain price conscious in 2015 due to firm market prices for pork, more competitive than beef, but less than chicken, and the overall indebtedness of Brazilian consumers. An intense marketing campaign in the past years has improved fresh consumption of pork.

Brazilian pork exports are forecast to rebound by two percent in 2015, mostly due to the projected higher exports to Russia. The continued import ban on several countries imposed by the Russian Federation is benefitting Brazilian exporters.

Friday March 6, 2015/ FAS-USDA/ United States.
http://gain.fas.usda.gov

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