Brazil’s pig meat exports continue higher in March
Despite increase, Russian market remains weak
The volume of pig meat exported by Brazil in March 2012 rose by 6.93 percent, while the value of exports was 3.02 percent higher in comparison to March of the year before. Data released by the pig meat and producers association, Abipecs, also reveals that, over the first quarter of this year, exports rose by 3.45 percent by volume and by 0.73 percent in value terms.
In March alone, the country exported 47,367 tons, with a value of US$121.01 million. From January to March to figures stand at 122,249 tons and US$313.36 million.
Hong Kong (http://www.wattagnet.com/Hong_Kong_to_become_Brazil’s_main_pig_meat_export_destination.html) remains the principal destination for Brazilian pig meat exports, accounting for 30 percent of exports this year. Ukraine has been the second most important market, followed by Russia, Angola and Singapore.
According to the president of Abipecs, Pedro de Camargo Neto: “While Russia may have resumed purchasing from four Brazilian facilities, the country is still performing poorly as an export market.