<\/p>\n\n\n\n
The\nBrazilian pork market continues to recover, with an increase in the pace of\nbusiness along the chain, favored by the process of quarantine relaxation that\noccurs in several states. Moreover, producers seek corrections to the price of\ntheir product due to increasing production costs. It is worth noting that\ndemanding activities such as restaurants and malls are working with reduced capacity\nin the country, and as they return to a pace considered normal, they can open\nspace for new adjustments, both for wholesale cuts and live pigs. COVID-19 is\nstill a concern, considering that government authorities have not ruled out new\nrestrictive measures to social mobility should the spread of the disease speed\nup and the number of beds decrease in states. Only a vaccine or an effective\ntreatment to fight the disease will be able to mitigate this tension.<\/p>\n\n\n\n
An\nimportant point to be analyzed and that should affect the market\u2019s progress in\nthe medium term is the deep Brazilian economic crisis, with deterioration of\nthe income of households and increase in the level of unemployment. Domestic\nconsumption has improved, but it will not return to the level registered in the\nperiod before the pandemic and, therefore, a high flow of exports along with production\nadjusted to the crisis scenario will be fundamental for the balance of the\nmarket in the second half of 2020 and throughout 2021. For Brazilian\nproduction, Safras & Mercado estimates 4.667 million tons of pork in 2020, up\n3.6% from last year\u2019s 4.506 million tons.<\/p>\n\n\n\n
As\nfor Brazilian exports, the figures for the first half of the year were strong,\ndriven by Chinese purchases. According to data from the Foreign Trade Secretary\n(SECEX), Brazil\nexported 471.067 thousand tons of pork in the first six months of 2020, up 38.74%\nfrom 339.524 thousand tons in the same period of 2019. Out of this total,\n230.645 thousand tons went to China,\na share of 48.96%. In relation to the first half of last year, exports to China grew by\n152.67%. The second largest importer was Hong Kong,\nwith 92.621 thousand tons between January and June 2020, up 20.58% from 76.811\nthousand tons in the same period of 2109. Hong Kong and China together\naccount for a share of 68.62%.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Brazilian pork market continues to recover, with an increase in the pace of business along the chain, favored by the process of quarantine relaxation that occurs in several states. Moreover, producers seek corrections to the price of their product due to increasing production costs. It is worth noting that demanding activities such as restaurants […]<\/p>\n","protected":false},"author":5,"featured_media":9139,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102],"tags":[],"commodity":[],"class_list":["post-17066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agribusiness-en"],"acf":[],"yoast_head":"\n