⠀ ⠀ Pig prices rise driven by⠀⠀ ⠀ ⠀ ⠀ China

The prices of pigs and pork in Brazil ended up registering an increase due to growing demand from China for this type of product. This is what CaneTec Brasil reported, based on data released by the Center for Advanced Studies in Applied Economics (Cepea). 

“The intensification of purchases of new batches of animals for slaughter by large integrated agribusinesses, due to the expectation of an increase in protein exports to China, boosted live pig prices in the independent market,” Cepea said in a note. 

This is because cases of African swine fever in China continue to decimate the Asian country's herd, increasing Chinese demand for imported meat. “The situation is unlikely to return to normal, which keeps the international pig market heated, as the Asian country has been purchasing large volumes of pork abroad,” said Cepea. 

“At the beginning of the month, China authorized another 25 Brazilian slaughterhouses to export meat to the country, but only one of them is pork. Pork in the independent market is being traded at one of the highest levels of the year, behind only the values of June and July, when Brazil accelerated meat exports, according to Cepea”, informed CarneTec. 

The Cepea/Esalq live pig indicator rose more than 5% in the month, until Wednesday (25), in the main markets in the country, with emphasis on the animal placed in São Paulo, which increased by 11.7%, at R$ 4 .86/kg, and in Minas Gerais, where the increase was 11.1%, to R$ 4.99/kg. Wholesale pork carcasses in Greater São Paulo rose 16.03% in the month, at R$ 7.31/kg. 

Author: Leonardo Gottens
Source: agrolink

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