Brazilian pork and poultry processors are expected to end the year with record high production and exports, while the industry is also poised to perform well in 2022 due to strong global and local demand for meat products.
This is reported by ProAgro Group, citing Reuters.
According to projections released on Thursday by industry association ABPA, Brazil’s overall pork and poultry production and export volumes will rise at the end of the year and into the next.
Sales of pork products to China, which buys about 50% of Brazil’s exports of that meat, should remain strong even as it raises import tariffs next year.
The sector also hopes to be able to export pork to Canada next year while selling bigger volumes to Russia.
Domestically, meatpackers are benefiting from rising per-capita pork consumption as well as a pickup in food sales tied to government social programs and cash distribution initiatives broadened during the coronavirus pandemic.
