The volume of Brazil’s exports of pig meat in June grew by 12.35% in comparison to 2010. Exports by value rose by 29.65%, partly due to the average price achieved for pig meat during the month. This increase occurred despite the Russian embargo that came into force on June 15. The fact that the embargo was announced at the beginning of the month led to a rapid increase in trade during the first two weeks of the month prior to it coming into force.
While sales to Russia may have been curtailed, exports to Hong Kong and Argentina – Brazil’s second and third most important markets for pig meat – were higher during the month. Sales to Ukraine, however, fell.
While coming too late to affect June’s export figures, the Brazilian pig producers’ and exporters’ association, ABIPECS, notes that the reopening of the South African market at the month end was excellent news.