The market is worried about the pork industry in 2022

The market is worried about the pork industry in 2022. Data released on Monday, February 14, by the Federal Government’s Foreign Trade Secretariat (Secex) indicate that fresh, frozen, or chilled pork exports continued to perform poorly in the second week of February.

Fernando Henrique Iglesias, an analyst at Safras & Mercado, assesses that the situation would be less alarming if there were an increase in the average price paid for the product.

“Unfortunately, that is not what we see, which explains the pessimism in the market. This trend also has repercussions in the domestic market, which is slowly alluding to recovery though with eroded margins,” says him.

The revenue obtained from pork exports in early February (US$ 60,603,614) is only 35% of the amount received in February 2021. In terms of volume, 27,974.482 tons were shipped, up 39% from the total exported in February last year, 71,457.1 tons.

The average daily turnover at the beginning of this month was US$ 6,733,734, 30% lower than February 2021. In comparison with the previous week, there was a decrease of 26%.

The tons per daily average ratio decreased 21.7% to 3,108,275 compared to the same month in 2021. In comparison to the previous week, the decrease was 25.8%.

The price paid per ton in February was US$ 2,166,389, down 10.6% from the previous month. The result represents a 0.4 percent retraction from the previous week’s value.

See below the top destinations of Brazilian pork exports in 2021. The data comes from DataLiner.

Top pork exports (HS 0203) destinations  | Jan to Dec 2021 | TEU

Source: DataLiner (click here to request a demo)

Source: Notícias Agrícolas

To read the full original article, please access:

https://www.noticiasagricolas.com.br/noticias/granjeiros/309378-exportacoes-de-carne-suina-seguem-com-desempenho-fraco-e-preocupa-mercado.html#.Ygubyd_MLIU

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