Brazilian pork exports to China are expected to exceed 100,000 tonnes in 2017, according to Rabobank, which also expects recovery in product prices in the fourth quarter.
“We expect Brazil will continue to be a competitive supplier to the Chinese market during 2017 due to an expected increase in the availability of domestic corn which should result in lower nutrition costs,” said Rabobank analysts in a report this week.
Brazilian pork exports to China totalled 5,000 tonnes in 2015 and reached 63,000 tonnes between January and August this year.
External demand for pork from Brazil should also increase in 2017, with the expected opening of the South Korean market to meat from the Brazilian state of Santa Catarina. South Korea has the potential to import about 35,000 tonnes of Brazilian pork according to estimates from the Brazilian Association of Animal Protein (ABPA). (macauhub)