Brazilian exports fall in first half of 2015
In the first half of 2015 Brazil exported less than 195,000 tonnes of pork, 4% lower than a year earlier.
However, the average price of exports increased compared to a year earlier during the period. Over the six month period, the value of exports was up by 3% at R$1.5 billion. This was largely due to the continued depreciation of the Brazilian real, with prices in US dollars actually falling by over 20%, helping to ensure that Brazilian pork was competitive on most export markets.
Despite the overall decline in export volumes, shipments to the two largest markets, Russia and Hong Kong, actually increased. Volumes going to Russia rose by 14% as it looked to Brazil for its pork following imposing bans on shipments from Europe, Canada and the US last year. This meant Russia accounted for just under half of all Brazilian shipments, with volumes up 14% from last year. Shipments to Hong Kong increased by 6% and exports to the region could rise further in the second half of the year as the Chinese market has recently reopened to Brazilian pork. Much of the decline in exports was due to lower volumes going to secondary markets like Singapore, Angola and Uruguay, and other countries of the former Soviet Union, such as Moldova, Ukraine and Georgia.