Brazil needs to diversify fast its export markets for pork, warned Cepea researcher, Juliana Ferraz. For 2021, the South American country expects production to reach 4.4 million tonnes (+3.5%) and another record in exports of 1.1 million tonnes (+10%). However, the dependency on China and Hong Kong is seen as a risky situation by Juliana Ferraz.
"China and Hong Kong account for 70% of Brazilian pork exports. We need to diversify the commercial partners since any problem with these markets would be devastating for sales in Brazil," she said in a recent assessment.
Regarding prices, the Cepea researcher believes that the beginning of 2021 will have lower prices, following a typical movement at the beginning of the year, a scenario that should change over the course of the season.
“Protein prices have this seasonal decline, but I expect a recovery in the values of the animals, not least because the production costs tend to remain high”, she points out.
For 2020, Brazil has established a historical record in pork exports reaching 1 million tonnes shipped abroad.