ABPA cuts estimate for pork exports in 2019

The Animal Protein Association (ABPA) has cut the estimate for pork exports this year from 12% growth (forecast in August) to 3 to 5% growth. For chicken shipments, ABPA estimates an increase of 1%, compared to the 4 to 5% previously projected.

According to the association, the prospects of recent months have been too optimistic. “We imagined that the Chinese would buy everything,” explained ABPA. “This has not been confirmed. Chinese are very skilled at negotiating and know that if they started buying they would inflate prices. They had stock, strategy, and also did a lot of preemptive slaughter, so they felt no need to import. The previous forecasts were too optimistic.”

Santa Catarina expands exports

Despite ABPA figures, throughout the year, SC increased the amount of pork exported to China and Hong Kong by 26.4%, totaling 168,500 tons between January and September. Shipment revenues are already over US$342.2m, 38% more than in the same period of 2018. The figures were released by the Ministry of Economy and analyzed by Cepa (Center for Socioeconomics and Agricultural Planning). China already accounts for 57% of all Santa Catarina revenue from pork exports in 2019.

Sources: Canal Rural and Portogente

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